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Cheques bouncing out of play, replaced by technology
Internet banking is becoming the norm Source: SBS News
The Australian Banking Association says the digital revolution is increasingly modernising the way people 'pay' - with 98.9 per cent of banking now taking place via apps or online. The use of mobile wallets is also rapidly increasing - as more traditional payment methods, such as cash and cheques, lose traction - creating scope for government intervention to ensure Australia's financial systems remain fit for purpose.
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