Mobile payments help Sweden’s move to a cashless society

With payment innovations like contactless cards and mobile wallets becoming more widely accepted all the time, it seems that the need for consumers to carry cash is dropping by the day.

In no country is this more evident than Sweden, where 80% of all transactions are completed by card, according to the Swedish Trade Federation. The Riksbank, the nation’s central bank, has forecast that the amount of cash in circulation will decline by up to 50 percent between 2012 and 2020, but will cash ever disappear completely? Read more: