Sweden Works to Keep Cash Available as Digital Payments Take Over
• Sweden studying how to ensure cash remains available for basic necessities as digital payments dominate • Only 8% of Swedes used cash for purchases in 2022, down from 40% in 2010 • Government wants to ensure ability to pay cash for food, fuel, medicines • 1 million Swedes excluded from digital payments, important to have backup payment system • Parliamentary commission making proposals by end of year on ensuring cash remains an option