COVID-19 accelerates the shift to digital payments only

By Dynamic Business · 27 July 2020 · News

COVID-19 accelerates the shift to digital payments only

COVID-19 sparks a cashless revolution in Australia

With over two-thirds of Australians ditching cash, the future of payments is changing fast. But what does this mean for your wallet and your daily life?

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Summary

New research from MyState Bank reveals covid-19 has accelerated the transition to a ‘less cash’ society in Australia due to concerns about health risks. Research conducted by MyState Bank found that since the pandemic outbreak more than two-thirds (68%) of Australians are using less cash in favour of contactless technology and other digital payments methods. […]

Tags: card payment, Cash, cashless, cashless payments, COVID, Payment