Category Archives: mobile wallets

Government must get tough on Online Gambling

The Parliamentary Joint Committee on Corporations and Financial Services is holding hearings on Friday 13 August 2021 into the use of credit cards to pay for online gambling. Committee Chair, Andrew Wallace MP has expressed his concern about the “cost consequences” on families from allowing the use of credit cards and digital wallets to fund online gambling. These concerns are shared by many submissions to the

Read more

RESERVE BANK REJECTS DIGITAL CURRENCY, SAYS CASH IS SAFE

The Reserve Bank of Australia’s latest Quarterly Bulletin has rejected the idea of issuing a digital currency for Australia. Long held up as the future of the ‘physical’ currency, a digital currency is a verified token or account that could replace actual notes and coins without a bank or a card company involved. It’s real money online, issued by the RBA, worth

Read more

Cashless society – embrace it or fear it?

There has been a surge in cashless payments during the COVID-19 pandemic, igniting expectations, and fears, that Australia could become a completely cashless economy. More than two thousand ATMs and hundreds of bank branches throughout Australia have been removed already in 2020. Plenty of Aussies are not embracing the idea of a cashless economy according to a big new study

Read more