Category: Payments

Why This Election Should Be About Access To Cash!

The use and availability of cash, and other banking services – especially in Regional Australia is a critical issue, and one which needs to be on the table in the current political campaigning. We know that banks have been withdrawing their services and closing branches, and that this can spell terminal decline for the surrounding area.

So the question is, how to address the decline and give local economies a boost? I am joined by Alexis Garnaut-Miller the Citizens Party Candidate for Cunningham (NSW) and Robbie Barwick Citizens Party Candidate for Victoria.

We discussed the cash ban, the need for a National Bank, and how this can be established via the Post Office Network. And we highlighted the questions to ask the candidates to test out if they understand the importance of the issue and whether they have an established policy.

We also mentioned The Regional, Dale Websters excellent work in tracking the disgusting removal of bank branches. Visit her site too! https://www.theregional.com.au/

Go to the Walk The World Universe at https://walktheworld.com.au/

Cash is King In New Zealand!

The Reserve Bank of New Zealand says its latest survey underscores the need for deliberate changes to the cash system to keep it resilient and efficient while needed and wanted by New Zealanders.

The latest edition of our finance and property news digest with a distinctively Australian flavour.

Go to the Walk The World Universe at https://walktheworld.com.au/

Credit Booms: But What Does It Really Tell Us?

My first chat of 2022 with Steve Mickenbecker from Canstar. We discuss the latest credit stats, the property market, interest rates and how to save some money. And Steve’s New Year resolution is a doozy…

Steve Mickenbecker is in Canstar’s Group Executive Team, bringing more than 30 years of experience in the Australian financial services industry. As a financial commentator for Canstar, Steve enjoys sharing his expertise across topics such as home loans, superannuation, insurance, mortgages, banking, credit cards, investment, budgeting, money management and more.

https://www.canstar.com.au/team-members/steve-mickenbecker/

Go to the Walk The World Universe at https://walktheworld.com.au/

Payments Shakedown On The Cards!

Whether you are a Buy Now Pay Later User, a Cryptocurrency holder, pay by cash or card, there are big changes ahead, as the RBA outlines some of its thinking.

https://www.rba.gov.au/media-releases/2021/mr-21-30.html
https://www.rba.gov.au/speeches/2021/sp-gov-2021-12-09.html

We look at the implications of Central Bank Digital Currencies, and the possibility that end users will have to pay to use Buy Now Pay Later services in the future.

Go to the Walk The World Universe at https://walktheworld.com.au/

The RBA’s Crypto Warning…

The RBA’s head of payments, Tony Richards, said the value of many cryptocurrencies, which have surged to $US2.6 trillion, could crash when central banks decide to assert control over their monetary systems.

He has warned users and investors in fad-fuelled cryptocurrencies such as bitcoin they risk holding speculative assets with “niche” uses that could lose most of their value.

https://www.rba.gov.au/speeches/2021/sp-so-2021-11-18.html

Go to the Walk The World Universe at https://walktheworld.com.au/

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The Inter-generational Property Meat Grinder: With Leith van Onselen

Leith van Onselen writes for MacroBusiness as the Unconventional Economist. Leith has previously worked as an economist at the Australian Treasury, Victorian Treasury and Goldman Sachs. He has a strong background in economic policy and financial sector regulation. Leith holds a Bachelor of Commerce (Honours) degree from Melbourne University and a Graduate Diploma of Applied Finance and Investment from the Securities Institute of Australia (now FINSIA).. Leith can also be found on twitter: twitter.com/leithvo.

https://www.macrobusiness.com.au/

Go to the Walk The World Universe at https://walktheworld.com.au/

Time For A Universal Service Obligation For Cash!

Cash remains a critical service for society, and we examine the results of recent UK research which suggests there should be a universal service obligation. We also discuss recent trials of a banking hub centred on the Post Office.

Both lessons which are appropriate to Australia.

Go to the Walk The World Universe at https://walktheworld.com.au/

Cash Is Really, Really, Important!

I catch up with Jason Bryce, Advocate for keeping cash in our economy https://www.cashwelcome.org/

He is also running a Change.org petition: https://www.change.org/p/josh-frydenberg-save-cash-our-right-to-access-and-use-cash-must-be-protected-by-law

We examine the issues, and how the cash industry is responding.

Go to the Walk The World Universe at https://walktheworld.com.au/