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Cashless society: Australian merchants’ cash receivables to drop below 2% by 2022

Australian merchants have reported that cash receivables plummeted by 46% between 2010 and 2016, new research from market analysts East & Partners has found. Should this trend continue, cash payments across all Australian businesses is predicted to fall below 5% by 2019 and then hit 2% within the next five years. Over the same period, [...]

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