Australian Cash Usage on the Rise - November 12, 2024
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Australian Cash Usage on the Rise

Tuesday, November 12, 2024

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by Sandra Smith

The surge in cash use in Australia, as indicated by the latest balance sheet data from the Reserve Bank of Australia (RBA), is a significant development. The data shows a notable increase in the value of Australian banknotes since early August, with the total number of notes issued rising by $300 million for the week ending October 16.

 (Extract from Cash Welcome Group newsletter)
 (Extract from Cash Welcome Group newsletter)

These figures give further evidence of the recovery of cash usage in Australia. Increasingly, consumers are waking up to the risks posed by a cashless society. They recognise that a cashless society means increased fees, security issues, and less reliability when they need it most—times of natural disasters and tech outages.

Finally, to all members and non-members out there, ATMIA encourages these industry stakeholders to take advantage of our Festive Flash Sale now through 15th November.

Featured Sales:

For further information please contact the ATMIA’s membership team to discuss further.

Cheers,
Sandra Smith


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