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Voxpress:

Sweden abandons cash; Public transport, museums and shops no longer accept cash

2022-12-09 08:37:40Kosova&Bota SHKRUAR NGA REDAKSIA VOX

Sweden abandons cash; Public transport, museums and shops no longer accept cash

In Sweden, wallets and cash come into play for almost nothing. The Nordic country is very close to completely abandoning banknotes and coins. The country closest to it in this respect is only Norway.

Railways, public transport, museums, but also shops - including the most remote areas - refuse cash. All payments are made by card or with certain applications on mobile phones.

Signs that say: "Cash not accepted" are almost everywhere. The website "Visit Stockholm" warns tourists - especially foreigners - that it is not possible to pay for bus tickets in cash. State railways do not actually accept cash. Media in the country report on the phenomenon and describe Stockholm, Gothenburg and Malmö as virtually cashless communities, while in smaller towns and agricultural regions the use of coins and banknotes is still relatively common.

Among the local features is the Swish phenomenon. The app, created in 2012 as a collaboration between six major Swedish banks, under the auspices of the Riksbank, Stockholm's central bank, allows even minimal transfers – in the form of wire transfers – via smartphone. In the country it is used and appreciated so much that it has generated a verb, swisha, "swishare". Much loved by young people, it allows, for example, a group of friends to go to a restaurant, pay by card and share the expenses calmly. But it can only be used by those who have a bank account in Sweden. Another typical payment method in and around Stockholm is the Bank ID, the digital banking identity.

Surveys and numbers cited in the biennial report on accepted payment methods in Sweden, published by the Riksbank, reveal that in 2020 in a sample of 2,000 people aged 18-80, 92% answered that they had used cards.


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