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Why Australia will be mostly cashless by 2024

You may have just three years to adapt to a world almost completely without cash, according to new research that shows the pandemic accelerated its demise. The study, released today from Worldpay, showed Australia would be one of the top five nations leading the charge towards a cashless society, Australians were adopting digital wallets and buy-now-pay-later services at a rapid pace. But experts have warned there could be downsides to having less physical currency circulating in the community, particularly for charities, homeless people, and those using it to track their spending. Australia adopted contactless payment technology faster than many other nations.

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