Original article by Shaun Drummond
The Australian Financial Review – Page: 3 : 6-Aug-14

The Australian Payments Clearing Association has issued a new study commissioned from the RFi consultancy firm. The "Milestones Report" predicts the share of all transactions that is accounted for by cash to decline by 20% to just 43% in the period to 2018. The use of cheques has also dropped 12.5% in 2012 and 13.3% in 2013, and by 2018 there may be few businesses left that still accept them. Credit cards and the eftpos system are tipped to each hold 24% of the payments market by 2018, while new solutions using smartphones will grow their share from 2% to 12%

CORPORATES
AUSTRALIAN PAYMENTS CLEARING ASSOCIATION LIMITED, RETAIL FINANCE INTELLIGENCE PTY LTD, PROPERTY EXCHANGE AUSTRALIA, MASTERCARD AUSTRALIA LIMITED, VISA INTERNATIONAL, EFT-POS AUSTRALIA PTY LTD, RESERVE BANK OF AUSTRALIA