cashless society

‘Australians should have a choice as to how to spend their hard-earned dollars.’

The investment bank is phasing out all cash and cheque services in 2024.

Westpac will instead invest more than $150 million in the branch network in the next two years.

Is the path to purity paved with plastic cards?

The Financial Sector Union said Australians should have the right to do their banking in the manner they choose instead of being driven into digital banking

Australians made $746 million in digital payments in 2018—that number soared to $93 billion in 2022.

The move continues an ongoing push towards cashless transactions across society.

Australia Post CEO Paul Graham revealed the hard realities of keeping cash flowing in remote communities where bank closures have become more common.

Under the proposals, banks would be required to plug gaps in cash services where necessary and wait until replacements are available before closing services.

Falling bank and ATM numbers increase fears of a cashless society.

The Optus outage has sparked fears of a world without cash.

The Optus blackout proves that a small glitch in the system can cause total mayhem in a cashless society.

Branch closures are putting pressure on Australia Post to provide banking services to regional communities.

Commercial bank cash orders declined two-thirds and cash payments halved over three years to 2022, according to the RBA.

An expedited transition towards digital currency usage could leave consumers worse off.

Nearly 60 percent of all ATM machines have been closed since 2017.

With the ham-fisted federal government’s move to outlaw cheques, will the next step be to remove cash transactions?