Banks were already keen on digital banking; it’s way cheaper for them than handling cash or cheques. But some people are not – and community groups suggest often it’s more vulnerable customers using cash. The private banking sector, and payment companies such as Visa and Mastercard, want us to stop using cash, Scott says. Even then, the Reserve Bank says courts tend to expect big sums to be paid electronically, not in cash. Losing the option of using cash just makes a whole lot of previously simple tasks more difficult.

Source: Stuff January 17, 2021 22:41 UTC