Australians are using less cash and more cards than ever before

[1] Through a current discussion paper, the Reserve Bank of Australia (RBA) outlined the key data on Australians’ mode of payment in purchasing goods and services.

[2] Based on RBA’s estimation, Australians carry about $55 cash in their wallets, visit ATM’s once a week and use Paywave’s technology for smaller purchases.

[3] Furthermore, RBA believes that smartphones don’t seem to be a trend with regards to Australia’s payment options.

Source: http://www.9news.com.au/national/2015/01/25/03/39/australians-are-using-less-cash-and-more-card-than-ever-before#h7FkY9ROsSv50iBm.99