Could Australia be a cashless economy sooner than we think?

Australia could soon be entirely cashless say some experts

Australia could soon be entirely cashless, with some experts predicting that notes and coins may be unusable in just a few years.

Could Australia be a cashless economy sooner than we think?

Could Australia become entirely cashless in the coming years? Some experts are predicting notes and coins may be unusable in a few years time. A recent Reserve Bank survey shows consumer payments made in cash have fallen from about 70 per cent in 2007 to just 13 per cent in 2022.The nation's declining use of cash was accelerated by the COVID-19 pandemic when shoppers and retail workers were reluctant to handle potentially infected notes.READ MOR…