[QODLink]
Europe
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.

79

Source:
Al Jazeera
Topics in this article
People
Country
City
Featured on Al Jazeera
Mother of jailed Al Jazeera journalist Abdullah Elshamy says her son's ordeal highlights the value of press freedom.
French Jews and Muslims say recent National Front victories in mayoral races reflect rising xenophobia.
Western fighters have streamed into the Middle East to help 'liberate' Arab countries such as Syria and Libya.
The Pakistani government is proposing reform of the nation's madrassas, which are accused of fostering terrorism.
Featured
Survivors of Bangladesh garment factory collapse say they received little compensation and face economic hardship.
As Iraq prepares to vote, deadly violence is surging. But at the site of one bomb attack, people insist life must go on.
French Jews and Muslims say recent National Front victories in mayoral races reflect rising xenophobia.
Up to 23,000 federal prisoners could qualify for clemency under new Justice Department initiative.
After years of rapid growth, Argentina is bracing for another economic crisis as inflation eats up purchasing power.
join our mailing list