I first heard about a cashless society back in 1980 when I started work for the Commonwealth Bank. Our manager returned from a conference, informing us that the wheels had started turning to make Australia a cash-free society in as little as ten years. Thirty-seven years later, and long time after the end of my banking career, it seems we are finally getting very close to that point of cash becoming a thing of the past. But so far, I am not seeing anyone talk too much about the very real negative that can come with this unless a government finally steps up to the plate for real for the first time. (more…)
Posts Tagged ‘profit’
Cashless society hitting those least able to pay?
Posted: April 2, 2017 in RantingTags: bank fees, banks, cashless society, profit, RBA, Turnbull
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