DAVID CHAPLIN: Afterpay, the payment system that ‘isn’t’

DAVID CHAPLIN: Afterpay, the payment system that ‘isn’t’
David Chaplin
How much for cash?In the good old days, your plumber would have an answer to that question. But the demise of physical money, a sustained regulatory crack-down on the ‘black economy’ and a surplus of anti-money laundering rules have rendered the ‘cashie’ obsolete: a piece of financial nostalgia on a par with cheques and positive interest rates.Trying on the cash question, though, wasn’t just about tax avoidance. In many cases, cash buyers were able to extract upfront, tax-compliant discounts from vendors,...

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