Ultimately, this tracking stuff would seem like a stopgap until someone manages to make facial recognition that works, even with people who aren't white men. At which point we're all doomed.
The Handmaids Tale scenario (where they switch off all[1] the women's bank accounts in a future cashless society, not sure if that bit made it to the telly version) is dramatic, but a decent clusterfuck of a systems outage would seem to be a greater risk. Mind you, a fair number of shops don't seem to be able to take cash without working EPOS systems (and even if they did, their JIT supply chain wouldn't work properly), so maybe cash isn't actually a mitigation?
[1] This isn't entirely realistic, given that it's almost impossible to exist as a woman in the modern western world without being misgendered (or mis-marital-statused) by database programmers' default assumptions from time to time.