According to the government,physical currency isn’t going anywhere. But just how easy is it to give up tap-and-go?
Few among us would not have felt the sting of a surcharge for using debit and credit cards,but the cost of banknotes and coins is a real and growing concern.
The use of physical currency has plummeted in recent years,but Australians will still be able to use it to buy essential items into the future.
The Reserve Bank has ruled out creating its own digital currency,partly over fears it could undermine the nation’s entire banking system.
When debating surcharges imposed on people who pay with a card versus physical money,I’ve lost track of the number of times I’ve had to explain that cash is not free.
A Labor MP has accused the big banks and credit card providers of stinging consumers $4 billion annually through card surcharges imposed by small retailers.
The CrowdStrike outage reminded me and the rest of the developed world of how reliant we are on a few big companies to keep the show on the road.
Armaguard,owned by Linfox,will receive funding from its biggest customers,in a move aimed at securing supplies for at least the next year.
Independent MPs are demanding the federal government make businesses accept cash from shoppers – or face thousands in fines.
More businesses are now placing surcharges on all card payments,while they were previously only common on credit cards.
Visitors arriving at the main train and bus stations will be met by stewards who will remind tourists of a new entrance fee for the city’s historic centre.