The Minister for Financial Services Stephen Jones has backed calls to put some “friction” back into the retail payments system to enable more effective fraud detection.
Mick Cronin, the chief executive of cash truck delivery giant Linfox Armaguard, has admitted he could not guarantee cash would continue to be delivered to banks and ATMs beyond 2026.
The new governor of the Reserve Bank of Australia (RBA) has warned that access to cash will become harder for Australians and that banks and other users of banknotes or coins should face fees for moving it around.