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Treasurer Jim Chalmers said while around 1.5 million Australians still use cash for more than 80% of their in-person payments, the number of businesses accepting them has shrunk.
It's faster, you don't have to carry cash, and card payments are accepted by 97 per cent of merchants, according to research by the Reserve Bank of Australia (RBA). But digital payments have ...
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Huge move to drain cash from every ATM in AustraliaCash use in Australia has steadily declined over the ... Meanwhile, debit and credit card payments have remained strong, with debit card usage increasing over the same period.
Of the 13,000 payments, only 17 were with cheques ... But in 2020, the Morrison-led Coalition government backed down. If Australia wants to ban cash (and ban it for small transactions, too ...
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Econostrum on MSNCash Comeback? Australia Moves to Protect Your Right to Use Notes and CoinsAs Sweden rolls back its push toward a fully cashless economy, Australia is confronting its own digital tipping point.
A pro-cash advocate has revealed just how much card payments are setting back businesses and customers as he warns against a cashless society in Australia. Cash Welcome campaign coordinator Jason ...
Australia Post has reached agreements ... a high share of their transactions, and some high cash users may have few alternative methods of payment available to them,' it said.
The Australian government's financial intelligence agency has imposed $5,000 cash withdrawal limits on crypto ATMs.
If you’ve ever found yourself fumbling for coins at the checkout or been caught out by a ‘card only’ sign at your local café, ...
The bulk of Australian consumers say businesses should be banned from passing on surcharges, with figures showing it is ...
More than 170,000 Australian families who get Family Tax Benefit (FTB) and 240,000 families who get Child Care Subsidy (CCS) risk missing out on getting cash back through top-up or arrears payments.
Cheques account for 0.2 per cent of non-cash retail payments in Australia. Australia will phase out cheques by 2030. Finland was among the first countries to eliminate cheques, doing so three ...
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