Consumers turning away from cash

By Joe Kelly · 6 August 2014 · Economy

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Summary

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 […]

Tags: Cash, cheques, electronic payments, Rba