Power outage means no bread?" Why cash payments are still essential

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As the government considers legislation requiring businesses to accept cash for fuel and essential goods, the policy has sparked meaningful discussions about payment freedom. Bob Katter, Member of Parliament for North Queensland, underscored that during emergencies such as power outages caused by floods, cash often remains the only reliable payment option.
With check payments set to be phased out by 2029, important questions arise about the role of digitalization in the economy and its impact on both consumers and businesses.

Dr Yao provided insights with SBS Radio Mandarin on the irreplaceable role of cash payments and provide suggestions on how consumers can effectively navigate their payment options in an increasingly digital world.