#Cash
Growing demand for digital wallets may signal demise of cash
The increasing preference for contactless payments during the COVID-19 pandemic might be here to stay. What payment trends are emerging? Mark Hodgson, Head of Product and Services at Samsung Electronics Australia, noted that there has been growing demand for cashless payment options. “Demand for digital wallet solutions and contactless payments have grown strongly this year […]
COVID-19 accelerates the shift to digital payments only
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. […]
How to manage cash flow, late payments and risk: Patrick Coghlan
Have you ever struggled with cash flow as a result of late payments to your small business? We know this is an ongoing issue for small business owners, and so in today’s podcast that’s really what we are focussed on. We are going through the top tips to achieve a healthy cash flow and healthy […]
The startup founder finding meaning in tap and go transactions
Dynamic Business has a chat to Adam Levine.
Retail spending flat
Retail spending at a low.
Tech firm announces $8.5m series A capital raise
Tech company completes capital raise.
Speculative demand driving up prices of digital currency but use as a payment remains limited
The use of digital currency for payments “remains relatively limited” while cash will continue to play an important role in society despite it’s declining use, the Reserve Bank of Australia told the House of Representatives Standing Committee on Tax and Revenue. In a statement delivered to the Committee, in relations to its inquiry into Taxpayer Engagement […]
‘Tried and true’ cash flow methods costing businesses $6.12b in growth opportunities
Australia’s mid-size businesses are missing out on $6.12 billion in growth opportunities annually due insufficient or variable cash flow, according to new research from American Express. The company’s new report, Behind the balance sheet: unlocking hidden value in credit, involved a survey of 355 Chief Financial Officers from companies with annual revenue values between $2 […]
Counterfeit currency bringing real costs
The use of counterfeit money in Australia may not be too prevalent, but the potential costs can nevertheless affect both business and the general public.
What to do when a cash crunch is coming
A business with good systems in place will know when a cash crunch is coming and will be ready for it. Unfortunately, most SMEs are not as well organised and, when a problem occurs, it tends to hit them right between the eyes.
Consumers turning away from cash
Businesses must adapt to the decline of the cash-based economy with more customers increasingly preferring electronic transactions to simple cash payments. Similarly, cheque payments are also on a quick decline with their use dropping 13.3 per cent in 2013 as compared to 12.5 per cent in 2012. This represents a drop of 224 million cheques […]
Cash is king
The expression “cash is king” has been around for years. Now, more than ever, as times are more difficult for business, business operators must ensure that they protect this critical asset of their business structure.
3 quick ways to raise cash
Where is cash when you need it? Here’s an in-depth look at the art of raising good debt over bad in a world characterised by a number of emerging new trends.
EFTPOS hits one billion transactions in 6 months in Australia
EFTPOS transactions continue to surge in Australia, with one billion transactions processed in the six months to the 31st of December 2010.
Credit card popularity slumps – usage down 10%
Australians prefer using other methods of payment over credit cards, with RBA statistics showing only 41.88% of card transactions involve credit cards, compared to 50.34% five years ago.