Australians among the least likely in the world to pay with cash, global report finds

Cash payment are no longer king, representing just a fraction of the value of point-of-sale transactions in Australia

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When it comes to settling the food bill or shopping at a retail outlet in Australia, cash is not king.

Cash payments represent just 6% of the value of point-of-sale (POS) transactions in Australia, according to a global report by the US-based financial technology company FIS.

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