Covid-19 must not cause ‘technological lockout’, says RBA’s Bullock

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The growth of mobile payments must not be allowed to result in a “technological lockout”, one of the Reserve Bank of Australia’s deputy governors has said.

Speaking on June 3, Michelle Bullock said there had been an increase in the use of both contactless and mobile payments during the Covid-19 pandemic, in part because some merchants have refused to accept cash.

“Both merchants and consumers appear to have been keen to reduce their use of cash,” she said. As a result of these changes, Bullock

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