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The cash comeback: Consumers and merchants are on board, but what about the banks?

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Article image for The cash comeback: Consumers and merchants are on board, but what about the banks?

The Coalition plans to introduce a bill expanding protections for Australians who prefer using cash, warning that current measures from the Labor government do not go far enough.

Press PLAY to hear Steve Worthington discuss why people are returning to cash

Steve Worthington from Swinburne University’s School of Business, Law and Entrepreneurship told 6PR Drive host Jamie Burnett that consumers are increasingly returning to cash but accessing the currency is becoming more difficult.

“If it’s floods, or fire, or power collapses, or the IT systems go down, then cash is very important in those circumstances”, Worthington said.

Hear more highlights below and download the 6PR app on iOS or Android to ensure you don’t miss a thing!

Image: iStock

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