‘Safer, faster and convenient’: Macquarie Bank announces plan to phase out cash and cheques by end of 2024

The move by the Australia’s fifth largest bank has caused concern that other institutions will soon follow, resulting in a cashless society.


Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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