Business
The ‘very convenient’ shopping centre staple set to disappear – Yahoo Finance Australia
With cash payments dwindling, ATMs could become a thing of the past.
Between late 2016 to March 2020, the number of ATMs in Australia fell by 15 per cent to 28,000 machines, and that trend is set to continue, according to the Reserve Bank of Australia (RBA).
In a new paper, the RBA found that while most Australians would be inconvenienced by no access to a cash point or ATM, the humble machines days are numbered.
While the majority of high cash users stated that their access to cash services is currently convenient, the economic incentives for the private sec…
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