'More Australians are paying bills online'

An increasing number of Australians are opting to pay bills online, according to a survey by the Reserve Bank of Australia (RBA).

The financial institution found that 60 per cent of the respondents deal with their household expenses on the internet, reports the Australian.

More than half of those polled said they also used web services to make online transfers.

Cheques were found to be a form of payment that is rapidly losing favour in Australia, with many people opting to use their credit and debit cards instead.

Less than 40 per cent of those polled said they used cheques over the past year.

Dr Malcolm Edey, assistant governor of the RBA, commented: "One of the issues being considered by both the industry and the current review is the scope for phasing out cheque use."

This comes after Lifehacker writer Angus Kidman claimed that Australians are turning to debit cards over credit cards to avoid paying surcharges when using their plastic.

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