Australian Malls to Accept Cash Amid Decline in Usage by 2026 Mandate
3 minutes ago
- 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.