Domino’s famous pizzeria chain has just taken a giant step forward by banning cash payments in five locations in Australia.
Taking a ride on a new country law (which became effective July 1), which prohibits the use of banknotes to settle values above US $ 7,500, the pizzeria has decided to start a test phase where it starts receiving payments only through credit cards, debit cards, Apple Pay, Android Pay, PayPay and gift cards.
The initiative is valid not only for the physical stores but also for orders made on delivery. The company’s CEO in Australia and New Zealand Nick Knight revealed that the use of money in the network’s stores was decreasing because of the increase in the use of the machines for cards and mobile payments.
The exclusive digital payment is not yet definitive, according to the company – it is only a thesis program:
We are still receiving feedback from customers regarding the convenience of the system.
The expectation is that with the new system, even restaurant queues will decrease. It is worth noting that the Australian Central Bank does not consider this type of practice illegal and it is up to the establishment to decide what kind of payments it accepts or does not accept.
Not everyone approved
A number of Australians oppose digital privacy payment methods. The biggest concern is that personal data can be sold/obtained through the use of cards and applications.
Even with this obstacle, apparently, Australia is, in fact, moving towards digital payments and the disuse of physical money.
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A survey commissioned last year by the Australian Taxation Office found that only one in five Australians prefers to use cash – especially those who are 35 or older.
Despite the data in question, about 37% of all commercial transactions in the country are still made with a physical money – in the US the rate is slightly lower (32%), while in Sweden, the percentage is a meager 15%.