Cash is still important to many Australians as a store of wealth and an alternative means of payment.
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Paying without cash is growing in popularity. But, as the experience of China over the past decade shows, the benefits of mobile payments can leave some groups behind.
We’ve seen panic buying, the rise of the “homebody economy” and a strong shift towards contactless shopping. So what now?
Facebook claims its new cryptocurrency will bring financial inclusion and opportunity to billions, pushing cash further to the fringes. Is that a good thing?
A cashless society depends on three things, all of which have failed in recent weeks as a result of natural disasters and security breaches.
It may cost more to make a penny than a penny’s worth, but a penny saved may be more than a penny earned.
India’s recent move toward a cash-free society helped reveal just how important physical currency is to the informal economies that the poorest families depend upon.
It’s a mystery why another trial of the Cashless Debit Card is necessary – particularly given how it has led to further economic and social harm among its participants.
The notes in your pocket say they’re legal tender for all debts public and private. Are they lying?
Despite a rise in cashless payments and a drop in customers drawing out cash, bank tellers might still have a future.
Despite the growth of card and mobile payments, cash is still king in many markets.
Money used to be backed by something of real value such as gold or silver. Bitcoins and other digital currencies will sever that link forever.
Devices we keep in our pockets can now do most of the functions once the dominion of the automated teller machine – or banker – but it may be premature to pronounce the end of the ATM.
There is mounting evidence that consumers are making less use of cash, while the use of electronic payment methods, particularly debit cards, continues to increase. But are we heading towards a cashless…
Top contributors
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Adjunct Professor, Swinburne University of Technology
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Associate Professor of Business, Boston University
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Professor of FinTech History and Global Trade, Northumbria University, Newcastle
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Associate Professor of Public Policy, Crawford School of Public Policy, Australian National University
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Ph.D. Candidate in Sociology, University of Michigan
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Associate Professor of Economics, Lincoln University, New Zealand
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Associate Professor of Marketing, University of Technology Sydney
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Senior Lecturer in Economics, Lincoln University, New Zealand
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Associate Professor, College of Economics and Management, Huazhong Agricultural University
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Adjunct Associate Professor of Learning and Instruction, University at Buffalo