IN DEBT WE TRUST

Sweden is moving towards becoming the world’s first cashless society. Finally, pickpockets need Wi-Fi.

✓ TRUE FACT

Sweden is frequently cited as one of the closest major economies to cashless payments: the share of cash use in retail has fallen sharply, with cash accounting for roughly ~10% of in-store purchases in 2023 (exact measures vary by report). The shift is driven by cards, mobile payments, and strong digital banking infrastructure.

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