Australia to safeguard cash payments


Australia Treasurer Jim Chalmers. — Bloomberg

CANBERRA: Australia will mandate businesses selling essential items such as groceries and fuel to accept cash payments, joining countries from Spain to Denmark amid the growth in more preferable digital payment methods.

Treasurer Jim Chalmers said while around 1.5 million Australians still use cash for more than 80% of their in-person payments, the number of businesses accepting them has shrunk.

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digital , payment , Australia

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