Cash Usage in Australia, 2007 to 2022.
The use of cash in Australia has dropped severely since 2007.
In Australia, cash made up around 70% of payments in 2007 but had dropped to only 13% by 2022.
When will Cash become obsolete?
The Commonwealth Bank, NAB and ANZ have stated that they are to stop handling cash in a few branches.
Some experts are saying that we will be virtually cashless by sometime between 2024 and 2030.
