Bank Report Predicts Australia ‘Will Be Cash Free By 2022’
- 9 years ago
A recently released report by financial institution Westpac has found that, based on a survey of adult smartphone users in Australia, nearly all payments will likely be made digitally--without cash--by 2022.
Technology could make cash largely obsolete as a way Australians pay their bills within the next seven years.
A new study by financial institution Westpac has concluded that, based on current payment trends among smartphone users, the country “will be cash free by 2022.”
According to the report, 53 percent of transactions are already made without cash.
And in a sur
Technology could make cash largely obsolete as a way Australians pay their bills within the next seven years.
A new study by financial institution Westpac has concluded that, based on current payment trends among smartphone users, the country “will be cash free by 2022.”
According to the report, 53 percent of transactions are already made without cash.
And in a sur