The federal government has laid out a big picture proposal to keep cash alive. But it will need to keep a close eye on the details, and the unique challenges cash presents for businesses.
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By declaring cash an ‘essential service’ the government would secure its future for those Australians who still use it.
New research shows that paying cashlessly, whether by card or phone and regardless of any credit involvement, leads to spending more money.
Cash is still important to many Australians as a store of wealth and an alternative means of payment.
