TRY FOR FREE

Killing Cash

According to researchers from Stockholm’s KTH Royal Institute of Technology, Sweden is on track to becoming the world's first cashless society. To test that statement, I have been looking at some figures from the Swedish National Bank.

The statistics show that it has been a steady growth of non-cash transactions, since web-based payments were introduced in the first half of the last decade and today 92% of all transactions are digital.

The payment instrument behind the major part of the growth has been the debit card, which has nearly tripled in use since 2005.

To continue reading, sign up for MEDICI Inner Circle and get free access for 30 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.

RECOMMENDED