Australians May Need to Pay to Keep Using Cash: RBA Boss

This move reflects a delicate balance between the evolving landscape of payment methods and the importance of access to traditional currency.

New money awaits counting and bagging at the Royal Australian Mint in Canberra, Australia on April 22, 2005. Mark Nolan/Getty Images

As more Australians use digital payments instead of cash, the Reserve Bank of Australia (RBA) emphasised the importance of keeping access to cash available, although users might have to cover the costs.

Cash payments have decreased, dropping from 70 percent in 2007 to 13 percent in 2022.