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Not Just MoneyPlay
Though mainly for money, 'purse' can mean a place for various small items like keys or cosmetics. SlideShe opened her purse and took out her lipstick and keys.
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Cultural GenderPlay
"Purse" often refers to an accessory used by women, while men use "wallet" for a similar item. SlideJohn grabbed his wallet while Mary looked for her purse.
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Size VariationPlay
Purses come in various sizes, but are typically thought of as being smaller than bags. SlideShe prefers a large purse to fit all her essentials.