Clued up travellers carry less cash

Wednesday 27 May 2009

Article by Mozo

Australians are growing increasingly reliant on debit cards, credit cards and pre-payment cards overseas, a new study from Visa has shown.

The group has found that 45 per cent of Aussies now use cards as their main method of payment while overseas, with 42 per cent of these people saying they do so because they feel that the less cash they carry, the safer their money is.

Meanwhile, of the 55 per cent who still use cash while on their hols, only four per cent said they thought it was safe to do so.

"Payment cards are certainly a safer option in many seasoned travellers’ minds as they are not carrying thick wads of notes in their wallet or purse," said Brian McGrory, regional head of debit card products at Visa.

In a report published at the end of the year, Visa announced that debit cards are becoming an increasingly popular payment option on home turf, with Mr McGrory claiming that debit cards give customers the option to ‘buy now, pay now’.

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