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PayDay News | Australian Payments News

August RBA stats: Cash usage growth trends

Senior Business Analyst
9 Oct, 2024
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Peter Drennan
Senior Business Analyst
9 Oct, 2024
Add us as a preferred source on Google
Cash usage remains at low levels, as measured here by the value of cash withdrawn via ATMs and at shops. Cash Out is dropping dramatically, down 12% annually, with changes by large retailers and their cash out offering. Cash withdrawals are thus growing in response to this, up 2.2%, but still well below debit and credit.
August RBA stats: Cash usage growth trends
PayDay News

Cash usage remains at low levels, as measured here by the value of cash withdrawn via ATMs and at shops. Cash Out is dropping dramatically, down 12% annually, with changes by large retailers and their cash out offering. Cash withdrawals are thus growing in response to this, up 2.2%, but still well below debit and…

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