Sweden Returns to Cash – Life Without Money in Your Pocket Is Not the Utopia Sweden Hoped
(whatever)"Sweden: Just one in 10 purchases is made with cash, and card is the most common form of payment, followed by the Swedish mobile payment system Swish. Due to threats of war in Europe, Swedish authorities are trying to encourage citizens to keep and use cash in the name of civil defence. Cyber attacks on digital currency are also a concern. In the past, Sweden prioritized efficiency, but now it is pivoting to cash for safety and accessibility. Last year Norway brought in legislation requiring retailers to accept cash, or they can be fined or sanctioned.
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Sweden is not the only Nordic country backpedalling on plans for a cashless society. Last year Norway, which has a popular equivalent to Swish called Vipps MobilePay, brought in legislation that means retailers can be fined or sanctioned if they will not accept cash. The government has also recommended that citizens “keep some cash on hand due to the vulnerabilities of digital payment solutions to cyber-attacks”. [MORE]:
https://needtoknow.news/2025/03/sweden-returns-to-cash-life-without-money-in-your-pocket-is-not-the-utopia-sweden-hoped/
