LOGIN
SUBSCRIBE
UPGRADE
LOGOUT
Open menu
PayDay News - Payments Industry News Australia
Got a story
to share?
Open menu
LOGIN
SUBSCRIBE
UPGRADE
LOGOUT
PayDay News | Australian Payments News

Cash usage trend ups, with $107B of banknotes on issue


22 Jul, 2026
Add us as a preferred source on Google
Guest Contributor

22 Jul, 2026
Add us as a preferred source on Google
The latest data from the RBA shows there is no trend away from using cash but there’s no surprise that there’s a trend away from ‘over the counter’ withdrawals as big banks rapidly close branches.
Cash usage trend ups, with $107B of banknotes on issue
Image generated by AI.

The latest data from the RBA shows there is no trend away from using cash but there’s no surprise that there’s a trend away from ‘over the counter’ withdrawals as big banks rapidly close branches.

Subscriber article

This article is available to PayDay News subscribers.

Subscribe to continue reading
PAYDAY NEWS ANNIVERSARY EDITION

trending

Who has liability? Banks split from Visa & Apple on AI payments risks
Commonwealth Bank (CBA), Westpac and Macquarie want the Reserve Bank of Australia (RBA) to move early on controls for payments made by artificial intelligence agents including market concentration
No-surcharge wallop leaves SMEs in the dark and out of pocket
Small businesses face tough calls on card payments as the October surcharge “ban” approaches, with confusion still widespread and almost half of Australians unaware of the change. Little
Kiwis don’t understand open banking but they want what it does
According to a Cuscal Paymark study, just 32% of New Zealanders understand open banking. Demand for what it delivers, however, is substantially higher, reinforcing evidence from Australia that
Hello Clever wins Variant backing for global payments push
Sydney-based Hello Clever has secured backing from New York venture firm Variant as it builds a global payments layer designed to choose the best rail for each transaction.
Mastercard’s wallet launch goes beyond cards with no Aussie partner
Mastercard has unveiled a global platform to put digital wallets onto its payments network, but no Australian bank, fintech, PSP or wallet provider has yet joined the rollout.

RELATED STORIES ▸

Post office overhaul could further shrink cash and payments capability
Post office overhaul could further shrink cash and payments capability
Post office overhaul could further shrink cash and payments capability
Australia Post promises at least 4,000 retail outlets, but some already operate without cash and hundreds lack Bank@Post, raising questions ...
RBA designates Armaguard as cash pricing fight looms
RBA designates Armaguard as cash pricing fight looms
RBA designates Armaguard as cash pricing fight looms
Armaguard has become the first company captured by Australia’s new cash distribution regime, giving regulators significant new powers as unresolved ...
Despite mandating cards, cash still rules the till in Italy
Despite mandating cards, cash still rules the till in Italy
Despite mandating cards, cash still rules the till in Italy
If Australian banks are trying to kill cash, Italy offers a fascinating warning: even mandating electronic payment acceptance across virtually ...
Cash jigsaw still unfinished after framework clears Parliament
Cash jigsaw still unfinished after framework clears Parliament
Cash jigsaw still unfinished after framework clears Parliament
A lot remains unfinished to secure Australia’s cash future after Parliament last week passed legislation regulating Australia’s cash distribution network, ...
Tobacco inquiry exposes payments blind spot
Tobacco inquiry exposes payments blind spot
Tobacco inquiry exposes payments blind spot
A NSW parliamentary inquiry has called for a tobacco excise reset and stronger enforcement after finding organised crime is exploiting ...
Banktech, Next Payments ride cash wave as no surcharge bill shock looms
Banktech, Next Payments ride cash wave as no surcharge bill shock looms
Banktech, Next Payments ride cash wave as no surcharge bill shock looms
The end of card surcharging on October 1 has merchants across Australia looking at ways to hand out and handle ...

Got a story to share?

Get in touch with PayDay News today!
Click here to email us

Topics

Advertising Enquiry

Fill out the form below, and we will be in touch shortly.

Contact Information

Got a story to share

Fill out the form below, and we will be in touch shortly.

Contact Information