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Men's Weekly

The paradox of going contactless is that we're more in love with cash than ever

  • Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
The paradox of going contactless is that we're more in love with cash than everAnn Kosolapova/Shutterstock

COVID has changed you, right? You use less cash, perhaps a lot less.

In the first two months of the pandemic, cash withdrawals from automatic teller machines halved. Even now they are down 20%.

So little-used were the main notes traditionally used for small transactions – $5 and $10 notes – that authorities stop...

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