13% of Australians still use cash for essential goods - MSN

Dec 27, 2024 · Despite fewer Australians using cash, the government is set to force businesses to accept banknotes as payment for essential items like groceries and fuel. ... 13% of Australians still use cash ...

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13% Of Australians Still Use Cash For Essential Goods - MSN

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13% Of Australians Still Use Cash For Essential Goods

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Dec 26, 2024 · Despite fewer Australians using cash, the government is set to force businesses to accept banknotes as payment for essential items like groceries and fuel. ... Watch fullscreen. 13% of Australians still use cash for essential goods. ABC NEWS (Australia) Follow Like Bookmark Share. …

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13% Of Australians Still Use Cash For Essential Goods - MSN

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Dec 27, 2024 · Despite fewer Australians using cash, the government is set to force businesses to accept banknotes as payment for essential items like groceries and fuel. But not everywhere. Assistant Treasurer ...

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FAQs about 13% of Australians still use cash for essential goods - MSN Coupon?

What percentage of businesses accept cash in Australia?

About 94 per cent of businesses continue to accept cash in Australia. James Harrison As mobile and card payments rise, Reserve Bank of Australia data shows that in 2022 just 13 per cent of payments in Australia took place using cash, down from about 70 per cent in 2007. ...

Should businesses accept cash for essential items in Australia?

Source: Getty / Traceydee Photography Businesses across Australia will be mandated to accept cash from customers for essential items to support those who prefer the increasingly disused method. While people were increasingly using digital payment methods, there was an "ongoing place" for cash, Treasurer Jim Chalmers said. ...

Do Australians still use cash?

About 1.5 million Australian consumers use cash for 80 per cent of their in-person spending, and recent data shows nearly 95 per cent of businesses continue to accept cash. “Cash also provides an easily accessible back-up to digital payments in times of natural disaster or digital outage,” Dr Chalmers said. ...

How many Australians use cash for in-person payments?

About 1.5 million Australians are believed to use cash to make the most of their in-person payments. Photo: Getty Businesses across Australia will be forced to accept cash from customers for essential items such as groceries under a government mandate. Some 1.5 million Australians use cash for more than 80 per cent of in-person payments. ...

Should Australians protect the use of cash?

Patricia Sparrow, Chief Executive Officer of COTA Australia, welcomed the proposal, emphasising the importance of strong measures to protect the use of cash. She noted that this is particularly crucial for older Australians, with one in two Australians over 65 years and about 35 per cent of 50-65 year olds report using cash on a regular basis. ...

Can a small business accept cash in Australia?

Carve-outs for some small businesses are expected. There is currently no legal requirement for Australian businesses to accept cash. While cash is legal tender, businesses are not required to accept it for payment, if they accept electronic payments without a fee. ...