COVID-19 Hits Cash
10 June 2020 by News DeskCOVID-19 has accelerated Australia’s move to a cashless society.
The Coronavirus emergency has changed, possibly forever, the key ways in which Australians handle money.
The lockdown restrictions have seen consumers shun cash with phone and card taps now dominating checkouts.
COVID-19 Hits Cash
Digital payments have also been propelled by a big increase in online buying and home-delivered groceries and meals.
In just 10 weeks Australia has undergone a digital banking revolution that bank chiefs say, if it wasn’t for COVID-19, would otherwise have taken more than five years.
New citizens can now make their pledge to Australia in person thanks to the return of face-to-face ceremonies. Lockdown restrictions had forced all citizenship ceremonies to be conducted online, but councils are now free to choose whether to conduct the services in-person or online.
Qantas and Virgin Australia are to again suspend international passenger operations after government funding for the few remaining overseas routes came to an end.
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