Australians among the least likely in the world to pay with cash, global report finds

Cash payments are no longer king, representing just a fraction of the value of point-of-sale transactions in Australia

• Follow our Australia news live blog for the latest updates
• Get our morning and afternoon news emails, free app or daily news podcast

When it comes to settling the food bill or shopping at a retail outlet in Australia, cash is not king.

Cash payments represent just 6% of the value of point-of-sale (POS) transactions in Australia, according to a global report by the US-based financial technology company FIS.

Sign up for Guardian Australia's free morning and afternoon email newsletters for your daily news roundup