Sweden's transition to a cashless society has been swift, with only 10% of purchases made using cash and a rising preference for card and mobile payments, particularly Swish. However, the ongoing conflicts in Europe and concerns about security have led Swedish authorities to advocate for cash use among citizens, urging them to prepare for crises. The government is considering proposals for mandatory cash acceptance to ensure accessibility. The central bank, while exploring a digital currency, acknowledges the need for a balance between payment efficiency and safety.
In light of new global crises, Swedish authorities are encouraging citizens to keep cash, emphasizing civil defense and preparedness for potential emergencies.
The central bank reports that efficiency has been prioritized in payments, but now safety and accessibility need to be equally important considerations.
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