Australia is forecast to be “effectively cashless” by the year 2024, according to a new report by financial payment giant, FIS.
Meanwhile, Woolworths will scrap a controversial ‘cash-free store’ trial, following public backlash over the move – just months after the cash ban was defeated in parliament.
Is the era of cash really ending, or is there still room to turn the tide? Are news reports from the mainstream establishment accurate, or simply PR?
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