Australian goods and services expensive
Bartercard Australia CEO Clive van Deventer said businesses are turning to the currency alternative where goods and services are the most expensive the world.
While the price tags of Australian goods and services are the most expensive in the world, beating the cost of their counterparts in the most cosmopolitan cities like Paris and New York, Bartercard narrows the spending gap considerably.
Where in the world is the cheapest place to buy a car, get a smart phone or book a weekend away?
The answer isn’t Australia, which has been named by Deutsche Bank as the most expensive country in the world for goods and services.
The Deutsche Bank Mapping prices survey contrastingly showed the US to be the cheapest developed country, while India remains the cheapest major economy in the world.
Bartercard Australia CEO Clive van Deventer said it’s a call for small to medium-sized business owners to consider Bartercard which facilitates the purchase of goods and services without the exchange of cash.
“With more than 2100 members in the hospitality industry alone including restaurants, clubs, hotels and hospitality suppliers, business owners aren’t short of trading options to keep cash in their wallet each time they exchange goods and services,” he said.
He added that trading options are growing weekly, and online transactions have jumped by 188% within Australia in the last four years.
“From March 2011 to March 2015 we’ve gone from approximately $6 million to almost $18 million in online transactions within Australia each month.”
The Queensland-founded company celebrated its 24th birthday in 2015, and has some exciting developments in the pipeline.
Its brand new loyalty app bucqi will launch Bartercard into the consumer marketplace allowing merchants to offer rewards points to cash-paying customers.
Clive added that in the current economy, many business owners in the hospitality industry are turning to Bartercard to source equity for business start-ups.
“Starting a business can be financially challenging at the best of times, especially with limited resources when you are living in the most expensive country in the world.”
“This survey shows that the cost of equal goods and services varies dramatically around the world. Bartercard narrows that gap considerably.”
via The Guardian
For more information visit www.bartercard.com.au/Testimonials/Hospitality++Tourism.html
14th May 2015
