Fewer ATMs, no more cheques and lower e-payment fees predicted for Australia in wake of coronavirus

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Fewer ATMs, no more cheques and lower e-payment fees predicted for Australia in wake of coronavirus
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Reserve Bank says societal shifts around shopping amid pandemic likely to become ‘permanent change in behaviour’

A world without cheques, fewer ATMs and a regulatory push to lower electronic transaction fees as fewer people use cash are some of the likely impacts of Covid-19 on payments, the Reserve Bank has said.

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