Australia Post Flies in the Face of a Cashless Agenda!

Australia Post Flies in the Face of a Cashless Agenda!

Australia Post’s Bank@Post is expected to fill the hole left by banks closing branches in many rural and regional towns around Australia. I asked Group CEO and Managing Director, Paul Graham, for his views about how that’s going so far.

Paul Graham said that customers are looking for a broader scope of services than they are equipped to deliver. Small businesses particularly feel that they're not able to access what they used to through their banking branches. Provision of cash has become an issue. Whilst there are those who say cash is going to die, Mr Graham certainly doesn’t see that in many demographics and areas of Australia.

With support from banks, Australia Post could extend the range of banking services. Whether for small businesses, the provision of cash, or even managing large numbers of gold coins following fundraisers, Australia Post rightly sees its over-the-counter Bank@Post services as essential.

There is obviously a vacuum left by the bank closures and post offices are well positioned to fill it with the right support.

https://www.malcolmrobertsqld.com.au/australia-post-flies-in-the-face-of-a-cashless-agenda/

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