December 6, 2015
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.