Posts tagged "payment methods"

There’s ample reason to expect that consumer spending may slump in 2023. You only need to look at the disappointing half-year results from major retailers like JB Hi-Fi to realise that cash-rate rises and inflation are causing the average Australian to curb their spending habits.

Cash still needs to be collected and moved around — there’s just a lot less of it, the RBA says. As a result businesses involved in its logistics and distribution are in a spot of bother.

According to the Reserve Bank of Australia’s consumer payments survey, cash is no longer king at the checkout.

The RBA reports consumer…

In a world where online buying continues to rise and the carrying of cash, wallets and purses is decreasing, the pressure is on bricks and m…