2007 cash dominance in Australia reduces as digital payment methods gain popularity, making cashless transactions more common.
In 2007, 70% of transactions in Australia were settled in cash, but today, cash is becoming an endangered species as the convenience of electronic payment methods has taken over. This shift is leading to smaller fees for cash transactions, making cash payments less attractive for small purchases. As a result, businesses are increasingly adopting digital payment options, which has made cashless transactions more common and convenient.
June 24, 2024
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