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Australian Malls to Accept Cash Amid Decline in Usage by 2026 Mandate

1 hour ago

Australian Malls to Accept Cash Amid Decline in Usage by 2026 Mandate
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7 Highlights

  • Australian shops must accept cash starting 2026, government mandates.
  • Cash usage fell to 13% in Australia during 2022 as cards dominate.
    • Older Australians prefer cash for privacy amid digital payment growth.
    • RBA finds half of Australians didn't use cash at all during a week in 2022.
    • Mandate ensures essential businesses accept cash for core consumer needs.
    • By 2029, checks will no longer be considered legal tender in Australia.
    • Cash remains popular for leisure activities like dining and haircuts.
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