A cashless society on the horizon?

Cashless options for payment are growing in number and popularity, with mobile phones, wearable devices and buy-now-pay-later platforms taking off.

Since the pandemic, businesses and customers have moved even further away from cash and towards cash-free payments. Most people don’t have cash in their wallet, but they might have it under their mattress because it’s becoming a more popular way of storing value.

Anthropology lecturer from Macquarie University Chris Vasantkumar and Jeff Bullen chat about the reality of a cashless economy in Australia, and if it might be likely to happen.

OTR Cashless economy