Yes, basically. After you root the device and install things like Xposed, "safety" feature called SafetyNet will most likely start reporting to apps that your device is untrusted. Google Pay, some banking apps and similar software may stop working or complain. There are still some ways to cloak the root and let SafetyNet pass but that may easily change with a simple Google Play Services OTA upgrade or something like that and it is simply not worth the risk for me personally. I don't want to spend days hacking around a recent update in order to regain the ability to pay with my phone, I don't want to block a queue of people when a payment machine displays generic rejection errors...