Initial impressions:
I thought that front zipper pouch would be a wallet, but it's not.  The credit card slots are in the biggest zipper pocket, the one in the back.  There isn't what I would consider to be a currency section, and the bag is too small to put bills in unless you fold them.  The little magnet pocket in the front is too small to put much of anything in.

Having used it for a couple of weeks:
I do like it, and I'm keeping it.  I center a key ring over the magnet base in the little front pocket and then close the magnet through the ring itself.  The keys rest in the pocket and stay put really well.  The little zipper pocket behind the magnet pocket is my currency pouch - I fold bills once crosswise to get them in and drop change in the bottom.  That's working better than I thought it would.  Behind that is my smart phone in a roomy zipper pouch, and there's a zipper pocket in the wall of that pouch where I put my bigger key ring - the one with RFID tags, a flash drive, and keys.  The very back zipper pouch is where I put my credit cards, my sunglasses, and my Altoids box, with loops at the top, one of which has my lip balm and other has my pen.  In the back outside wall is another zipper pocket, flat, and that's where I put my transit pass.  I don't ordinarily carry my Kindle, but I tried it in the biggest zipper pocket, and it does fit very nicely.

My smart phone would fit really well in the back wall flat zipper pocket where I have my transit pass, but I like the transit pass there.

Pluses:  This handbag is seriously cute.  It's way smaller than I expected, but that's great, I wanted small.  Having a place for everything makes finding any one thing so much easier.  I got the mushroom color, and it's very pretty - darker than the picture seems - with a pretty light blue lining.  It's easy to see everything that's inside.  The quality appears to be really good, too.  The strap adjusts from what I would consider to be a very short shoulder strap length to very long, and you can easily remove it completely.  You can thread a belt through it and wear it as a waist pack.

I went from disappointed and unsure I would keep it to actually quite pleased with it.  Give it a chance.

Update:
I tried the Wallet Bagg after buying this one, and it was too big.  I went back to this one, and I'm buying two more, charcoal and pewter.  I wish it came in some of the fun prints.  Whatever, this is my purse from now on.  There's more room than the smart phone needs in the front zipper pocket, so I laid my big key ring in the bottom of the pouch and dropped the smart phone in on top of  it.  If I decide to upsize when I get a new phone, I'll still have lots of room.  I keep my RFID key fobs in the zipped wall pouch behind the smart phone so they don't fall out, and when I want to use one I just pass the purse near the sensor and I'm in without taking the key fob out or even opening the purse.

My husband has the Kindle Touch and I have the cheapo Kindle with ads on it, and either one will fit in either of the two larger pockets, as unlikely as that seems.

I love this purse.  I can find anything I want in it instantly, it weighs nothing, and it's darling.