Cashless society: How will going cash free affect students, charities and businesses?
Low-income workers, charities and small business owners are set to feel the biggest impact from Australia’s shift towards becoming completely cash free.
Experts argue Australia could be completely cash free by 2020, accelerated by new technology that will be introduced by the Reserve Bank of Australia later this year.
The RBA’s New Payment Platform (NPP) system will make electronic payments faster and easier.
So, in a world without paper money, who are the people that will be most affected?