Contactless payments surge 44% during COVID-19
Credit card giant Mastercard reported a major shift in consumer behaviour that has seen 44% of Aussies decrease their use of cash when making purchases in-person since the outbreak of the coronavirus pandemic, as shoppers fear germs on cash. The research found that more than half (52%) of Aussies are more aware of the dirtiness of […]
Perfect storm of credit card debt brewing for Australians during COVID-19
Perfect storm of credit card debt brewing for Australians during COVID-19. Rapidly falling incomes, a move to card-only payments and a complete avoidance of cash is creating a “perfect storm” for Australians to find themselves in deep financial ruin. Andrew Fleming, CEO of financial stress busting app Financial Mindfullness, says many Australians are unaware of […]