These days, having actual cash in your wallet is a real rarity. But it's probably not something you'll need to worry about when picking up your next copy of The Big Issue, with many of the charity magazine's street vendors accepting cashless payments from today.
This move into the digital economy means customers can now purchase an edition of the magazine using a debit or credit card. Two cashless options are being rolled out by vendors across the country, including regular tap-and-go, and via mobile payment app Beem It, which can receive instant payments. The Big Issue street vendors are able to choose whether they'll offer one or both of the card options, or simply stick with the previous cash system.
The fortnightly magazine, which provides work opportunities for homeless or disadvantaged people, without access to mainstream jobs, has been operating in Australia since 1996. It's hoped the new digital payment offering will boost sales of the magazine, reaching more customers and helping those selling it to increase their profits, putting more money back into the pockets of disadvantaged Aussies. As always, each of the fortnightly editions will sell for $7, with half of that kept by the vendor.
The newest edition — aptly titled 'Cashless Revolution' — hits the streets today.