Sweden aims to be cashless society
With just three per cent of all financial transactions involving cash, country
moves to eliminate physical legal tender.
Last Modified: 08 Sep 2012 12:30
Swedes are among the technologically savvy people on the planet, based on their
high rates of use of mobile phones and internet banking.
In fact, only three per cent of all financial transactions in the country are
made using cash these days. Even public transport tickets can now be pre-paid
using mobile phone technology, and most people use similar services to pay for
everything from groceries to major purchases.
Al Jazeera's Linda Nyberg reports from Stockholm, the Swedish capital.
Source:
Al Jazeera
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