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Angel Zhong, Associate Professor of Finance, RMIT University

The move to a cashless society isn't just a possibility, it's well underway

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When was the last time you used cash? For many Australians using cash or even swiping a card has become a rare event.

The move towards a cashless society started 50 years ago with the introduction of the Bankcard and was driven by technological advancements. But it really took off with the COVID pandemic when consumers and retailers were reluctant to handle potentially infected notes and coins.

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