flower-shilling

Australia to be "functionally cashless" by 2025

I was at a shop today that had talk back radio playing. The discussion about cash requirements and how it was an expense for business that they couldn't afford.

It's all confected as you can always get things done with the resources you have if you really want to. I doubt there is any significant cost in occasionally handling cash.
How could they afford it before ... just do the same thing now...increase your price...oh no they cannot as the competition got bigger so lets just screw the customers-most would not care as long as they can use their watch to pay with :rolleyes: :unsure:
 
How could they afford it before ... just do the same thing now...increase your price...oh no they cannot as the competition got bigger so lets just screw the customers-most would not care as long as they can use their watch to pay with :rolleyes: :unsure:
I'd love to know the actual amount their profits increased when they stopped cash. I'm sure they could generate those numbers.

I doubt it was much, if it reduced staff numbers then maybe but I can't see how it would change sales income.

I'm sure the reduced 'float' in a cash register could look like an improved cash position for accounting purposes..
 
we have https://vouchers.cdc.gov.sg/
the SG govt distribute $500 in CDC voucher for every household in 2024
people use mobile phone to claim that, and use QR code to generate the payment +coins
half of the amount to support small neighbourhood business, the other half for use at the supermarkets

older folks will print out those QR code vouchers and spent them.
 
Australian businesses and companies could soon cop huge fines if they don't accept or carry cash. Politicians Andrew Gee and Bob Katter have introduced a bill that aims to keep physical money in circulation.
Dunno about Bob Katter but the bill sounds good.
 
If I were Australian, I would be letting my Rep know I want them to support that bill.
 
If I were Australian, I would be letting my Rep know I want them to support that bill.

The system has been setup in a way that such actions bare no results. The same is true with petitions and most protests. Nobody cares about the preference of a fringe minority. We could end cashless advancements tomorrow if the majority voted with their feet. From banking, to corporations, to small businesses - they'd soon change their ways if profits fell off a cliff. But so few of us see the significance of keeping cash alive, and it's like trying to change the course of a cruise ship by scooping air with your hands on the upper deck.
 
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