Banks are increasingly abandoning cash and face-to-face services.

Click PLAY to hear the banking future.

Scott Phillips, Chief Investment Officer of Motley Fool, told Perth Today host Simon Beaumont that digital banking’s rapid growth will continue, projecting Australia’s economy to be only 10% cash by 2027.

“They would absolutely have far, far fewer branches if they thought the pollies would leave them alone,” he said.

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