In the US, the purse (or pocketbook or handbag) is the larger item that holds our wallet, the small item that holds money (and credit cards and photographs, but not much else).
My purse has reading glasses, tissues, keys, hand sanitizer, a spare contact lens, pens, spot remover, Band-Aids, headache medicine, sweetener, the card that buzzes me into my office, and my wallet. It's not just f