He was one of China’s most well-known faces before disappearing from public view. Now Jack Ma is back.
Moving cash around the country in armoured cars costs money. But unlike digital payments that attract surcharges,these costs aren’t visible to consumers.
The government is mandating cash for essential services across the country. Supermarkets and petrol stations are in – but bottle shops and cafes are out.
Digital payments might be on the rise,but cash can be a lifeline for those who rely on it to pay for essential items.
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.