Nov 21 2018

Tap&Go enemy of Australian Mint

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Tap&Go enemy of Australian Mint

Tap-and-go payments and the decline of coins are hurting the Royal Australian Mint despite its plan to make up lost revenue from manufacturing currencies for countries overseas.The federal auditor has found the mint is yet to make up for falling revenue following years of dwindling coin use.

Two years after noticing falling demand in 2013, it began planning ways to adapt, and decided to rely more on commercial manufacturing.

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