Posted 1/13/2024, 9:10:00 PM
Sweden Works to Preserve Access to Cash as Electronic Payments Take Over
- Sweden considering measures to ensure citizens can use cash for necessities as electronic payments dominate
- Only 8% of Swedes used cash for purchases in 2022, down from 40% in 2010
- Government says ability to pay in cash important in crisis situations
- Sweden has few cash machines left after jump in withdrawals following Russian invasion of Ukraine
- Parliamentary commission examining issue, expected to propose solutions by end of year to ensure access to cash