00:00I have lots of varieties in traditional and modern look.
00:06Yusuf Qureshi has been selling carpets for 23 years.
00:10Yeah, it's fine cash, you can pay cash, no problem.
00:14He says for his older customers, cash is still king.
00:17They're saving their money, they buy their grandson or granddaughter or something like
00:23this, they want to pay cash for them.
00:28About 13% of Australians still use cash, but this butcher says about 40% of their customers
00:34pay with it.
00:35The older generation sometimes they feel struggling with the card, yeah I think so, they say how
00:41does it work, yeah, but a little bit younger they just tap and go.
00:45I think I prefer to use card, it just saves me from carrying cash around with me and it's
00:49all on my phone now as well.
00:51Yeah I use cash all the time, it's easier for me to just hand over cash and then I put
00:55the coins in a big jar at home.
00:57The government's changing the law to force businesses to take cash for essential items
01:02like groceries and fuel.
01:04The Assistant Treasurer says he may carve small businesses out, but that cash provides
01:08an essential fallback when digital payments break down.
01:12We've all been standing at a queue in a supermarket or a shop somewhere and they say the FPOS
01:16or the payment system's gone down, the power's out.
01:20We want to ensure that that doesn't become a crippling event right across the economy.
01:25While cash is here to stay, the government has said that cheques are on the way out.
01:29By September 2029 it won't allow them to be used as a form of payment.
01:34Cheques are a very, very small part of the payment system, they've been dwindling for
01:39ages, but what is the replacement and is that replacement going to be a like for like or
01:44fit for purpose?
01:46While these issues get sorted out, Yusuf is giving his customers who use cash a little
01:51extra discount.
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