Today, the 12th of January 2022, new data has been released by the Reserve Bank of Australia showing cash withdrawals are trending UP in Australia.
COVID-19 led to an immediate scare and fear of virus transmission via surfaces.
Question marks over Fintech startups pile up as traditional business models flourish
Buy Now Pay Later users are missing meals and essentials to pay their debts, more government data has confirmed.
Don't believe the FAKE NEWS. Australia is NOT going cashless and other advanced economies are not going cashless either.
Australians lost close to one billion dollars last year to scammers. Over $851 million in losses was reported from 444,000 victim reports in 2020 but these numbers are probably understated.
Do people spend less when using cash rather than credit/debit cards or mobile phone payments?
University research has described the ‘war on cash’ and issued a dire warning.