The PYMNTS.com Global Cash Index™, a Cardtronics collaboration, focuses on the use of cash for making payments and as a payment method that equally plays a role with cards, checks, direct debit and other methods of settling up between consumers and businesses. Unlike most reported estimates of cash, our proprietary data analysis focuses on the use of cash for making payments rather than hoarding.
KEY FINDINGS INCLUDE:
As of 2015, cash usage in Australia as a percent of its gross domestic product (GDP) stood at 11.7 percent.
ATM withdrawals made up 8.7 percent of overall GDP, whereas, OTC withdrawals represented 3.3 percent.
Since 2013, the median value of cash transactions has remained stable at $12.