Video Information

On December 26, 2021, ABC News televised a report revealing the increasing number of cashless transactions in Australia and some of the advantages and disadvantages of this trend.


On September 5, 2020, Behind the News televised a report on the increasing trend toward cashless transactions in Australia and overseas.


On June 26, 2020, 9 News examined findings that digital spending makes it difficult for some people to regulate their spending.


On December 27, 2019, Interesting Engineering televised a report examining Sweden's uptake of cashless transactions and the country's plans to accelerate the process.


On July 14, 2021, The Richest televised a report on the speed with which Sweden has moved toward becoming a cashless society. It examines both the advantages and disadvantages of this development.


On August 20, 2020, Economics Explained televised a segment explaining in detail some of the dangers for the consumer of operating within a Cashless Society.


On November 25, 2020, a 26-minute DW documentary was produced explaining the effect of COVID on the development of cashless economies and the advantages and disadvantages of this trend.


On October 29, 2017, CAN Insider released a segment on cashless transactions in China and the society's use of the integrated digital payment system WeChat Pay.


On January 3, 2019, Goldthread posted a segment examining China's largely cashless society and its integration with facial recognition technology. The segment suggests the potential problems created by this development




Should Australia become a cashless society?

- Web links, documents and video clips



On December 30, 2021, Cashless Economy, a site that gives information and opinion on the international trend toward cashlessness published an article titled 'Cash or Cashless: A short 2021 assessment' which gives an overview of the trend toward cashlessness around the world and outlines some of the advantages and disadvantages of the issue. The site's overall position favours continued access to cash. The full text can be accessed at https://www.cashless-economy.com/Cash-or-Cashless-A-short-2021-Assessment_a528.html  

On December 26, 2021, ABC News published a report titled 'COVID-19 is speeding up Australia's shift towards a cashless future'. The report details Australia's rapid shift toward cashless transactions and examines the advantages and disadvantages of the move. The full text can be accessed at https://www.abc.net.au/news/2021-12-26/cashless-society-economy-australia-covid/100725728

On December 21, 2021, Insider published an article titled 'Money can be filthy - here's how to protect yourself from getting sick'. The article details the health risks associated with handling cash and suggests how these might be reduced. The full text of this article can be accessed at https://www.insider.com/does-money-carry-germs

On November 17, 2021, ABC News published a report titled 'RBA says cash hoarders stashed record amounts during pandemic'. The report details the increasing tendency among Australians to hoard cash, apparently intensified by the COVID pandemic. The full text of the article can be accessed at https://www.abc.net.au/news/2021-11-18/rba-hoarders-record-amount-cash-covid-pandemic/100628486

On November 16, 2021, The Australian Financial Review published an article titled 'Australians hoard $75b of cash in large notes'. The report details the increasing tendency among Australians to hoard cash among people who want to store their wealth in paper money, rather than put it in a commercial bank, according to the Reserve Bank. The full text of the article can be accessed at https://www.afr.com/companies/financial-services/australians-hoard-75b-of-cash-as-value-surges-20211116-p5997t

On October 4, 2021, news.com.au published a report titled 'Australia to be completely cashless in a decade, experts predict, according to survey' which details recent findings that Australia is likely to become fully cashless by 20331. The full text can be accessed at https://www.news.com.au/finance/money/australia-to-be-completely-cashless-in-a-decade-experts-predict-according-to-survey/news-story/fb5a4b8613093084ba2578cb0a9771a5

On August 25, 2021, The Edinburgh News published an opinion piece by Steve Cardownie titled 'Cashless society has major benefits, but we can't ignore concerns about the power it hands to financial institutions.'  The comment outlines the benefits of cashless transactions and then warns of the increased power they give financial institutions. The full text can be accessed at https://www.edinburghnews.scotsman.com/cashless-society-has-major-benefits-but-we-cant-ignore-concerns-about-the-power-it-hands-to-financial-institutions-steve-cardownie-3358031

On March 5, 2021, news.com.au published a report titled 'Australia to be completely cashless society by 2024'. The report details the latest annual Global Payments Report by fintech company FIS, which predicts Australia will be mostly cashless within a few years, with the research projecting only around 2 per cent of transactions in Australia will be cash by 2024. The full text of the article can be accessed at https://www.news.com.au/finance/money/australia-to-be-completely-cashless-society-by-2024/news-story/fdb6ca0a4502f7378931cfefe94c0712

On December 24, 2020, Digipay.guru, a technology company producing fund transfer platforms published an information and opinion piece titled 'Moving towards a cashless society: Types and major benefits'. The article gives an overview of a variety of ways of electronically transferring funds and then outlines some of the major advantages of digital transactions. The full text can be accessed at https://www.digipay.guru/blog/towards-a-cashless-society-major-benefits/

On November 3, 2020, China Daily published an opinion piece by Rish Tandapany titled 'Is a cashless society possible for everyone?' The opinion piece, while acknowledging many of the advantages of a cashless society argues that it would exclude significant sectors of society.' The full text can be accessed at https://www.chinadaily.com.cn/a/202011/03/WS5fa0f5c9a31024ad0ba82cc3.html

On October 21, 2020, The Lumberjack (North Arizona University's student newspaper) published an opinion piece titled 'A cashless society promotes classism' which argues that removing the ability to use physical cash discriminates against the poor and the homeless. The full text of the article can be accessed at https://www.jackcentral.org/opinion/a-cashless-society-promotes-classism/article_f81d0d3c-13dc-11eb-87e9-6f568a3e5a49.html  

On August 3, 2020, The Huffington Post published an opinion piece by Casey Bond titled 'Why the Idea of a "Cashless Society" is so Dangerous'. The comment outlines some of the advantages of cashlessness and then highlights its disadvantages. The full text can be accessed at https://www.huffpost.com/entry/cashless-society-dangers-racist_l_5f234e95c5b68fbfc880de22

On January 7, 2020, The World Economic Forum published an opinion piece titled 'The benefits of a cashless society'. The article outlines some of the key advantages to be gained from cashlessness. The full text can be accessed at https://www.weforum.org/agenda/2020/01/benefits-cashless-society-mobile-payments/

On March 21, 2019, The Conversation published a comment by Steve Worthington,Adjunct Professor, Swinburne University of Technology, titled 'Depending on who you are, the benefits of a cashless society are overrated'. The article considers some of the disadvantages that not being able to readily access or use cash presents for some sets of people. The full text can be accessed at https://theconversation.com/depending-on-who-you-are-the-benefits-of-a-cashless-society-are-overrated-113268

On April 29, 2014, the Akron Beacon Journal published an opinion by Cass R Sunstein titled 'Debit cards reduce cash and crime' which gives an overview of research conducted by the University of Missouri which demonstrated the increased use of electronic fund transfer by welfare recipients led to reduced cash being carried and a drop in crime rates. The full text can be accessed at https://www.beaconjournal.com/story/opinion/columns/2014/04/29/cass-r-sunstein-debit-cards/10690119007/