Consumer payments studies are one of the most widely used – albeit imperfect – ways of understanding changes in consumer payment behaviour. In the last month or so three such studies have been released looking at payments in notably different economies: Switzerland, Jamaica and Australia. Given the proximity of their release it provides an opportunity
Key facts Roles in the cash system How cash distribution works Because of the BDA and CCF structure, no party has a detailed view of cash distribution or activity. While the BDA approach was historically highly efficient, it has more recently come under scrutiny. The state of play of cash and payments Recent events Our
Cash System Spotlight: Australia Read More »
There has been broad reporting of the latest S&P ratings report on the Australian banking sector, released this week. In particular, the report calls out political pressure on the sector. Two call-outs of note: We broadly agree with S&P’s analysis of these issues. They do, however, highlight a propensity by both politicians and to a
We are pleased to release our research report exploring the future of cash in Australia. Our findings point to a near-medium term that is contrary to many commentators. We do not believe there is strong quantitative evidence for any recent decline in the volume of cash being used for consumer payments, nor indicators that this
The future of cash in Australia Read More »
Since the proposed merger of Linfox Armaguard and Prosegur Australia came before the Australian Competition and Consumer Commission for approval, the importance and relevance of cash as a means of payment has regularly been in the spotlight. The merger process and subsequent well-reported events have highlighted the cost of maintaining cash as a form of
The Australian National Cash Infrastructure: Time for a Strategic Overhaul? Read More »