Cash is Here to Stay: Commonwealth Bank Defies Cashless Trend Amid $3 Fee Backlash
2025-02-25
9News.com.au
In a move to reassure customers, Commonwealth Bank chief executive Matt Comyn has confirmed that cash is here to stay, despite a growing trend of big businesses going cashless in Australia. This comes after a public outcry over a $3 fee for cash withdrawals, sparking concerns about the future of physical currency. With many Australians still relying on cash for everyday transactions, the bank's commitment to maintaining ATMs and cash services is a welcome relief. As contactless payments and digital wallets continue to rise, the debate around cashless payments and transaction fees remains a hot topic. Popular keywords like 'cashless society' and 'digital payments' are on the rise.