Over the past couple of days the Australian Treasury has moved toward two significant policy shifts in the cash and payments landscape. The first, officially announced move is a consultation to mandate cash acceptance by retailers – at least covering groceries and fuel, but with an as-yet undetermined reach. The second, now widely reported through
In contrast to a growing number of countries in Europe and internationally, through central Europe and eastern Europe, the use of cash continues to be widespread, perhaps even the dominant payment method. Sources: ECB, Statista, RBA, UK Finance, Worldpay Despite the contrasting resistance of consumers and businesses alike to digital payment methods, payment environments across
Cash in Central and Eastern Europe: What Are the Pressing Issues? Read More »
As policy settings are reviewed and payments regulation considered, it is important to to have a clear picture of the broader role that both cash payments and digital payments play, and the relative value and challenge they each have as a form of payment. This article approaches the question through a SWOT (strengths, weaknesses, opportunities,
Cash payments and digital payments: a SWOT analysis Read More »