COVID-19 is speeding up our shift towards a cashless future

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COVID-19 is speeding up our shift towards a cashless future
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The COVID-19 pandemic is accelerating Australia's shift towards buy now, pay later and other digital payment methods – at the expense of physical cash. But not everyone is happy about moving too quickly to a cashless society.

A lot has changed since COVID-19 first struck, including the way we pay for things. It's something that Sydney busker Rafael Tavares learned the hard way.CBA predicts Australia may become a cashless society by 2026Even before the highly contagious Delta variant ripped through Greater Sydney and triggered a three-month lockdown, he noticed that many people who watched his outdoor performances were no longer carrying cash .

His audience can now use their mobile phones to pay him via PayPal or make an instantaneous payment to his bank account .

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