University research has described the ‘war on cash’ and issued a dire warning.
Retailers must provide a surcharge-free option for consumer payments
Are we being herded into a cashless society? Australia lost 643 bank branches and a massive 4,194 bank-owned ATMs in the four years to June 2020 according to the Australian Prudential Regulatory Authority and the trend has accelerated since then.
Small business owner Jenny Nguyen from Footscray has decided to go cash-only in her florist.
Australia must mandate cash transactions under $10,000
Experts line up to criticise CSIRO research: Unnecessary fear, 90% of transmission is airborne
The essential role of cash in the economy is recognised in last week’s Reserve Bank of Australia Payment System Board update. However, unlike the RBNZ, the RBA does not propose concrete actions to protect the cash economy.