Almost one in two Swedes never pay in cash (in Norway this is 40%, Denmark 27% and Finland only 10%, although the Finnish rejection of cash is accelerating), according to new data from Nets, part of Nexi Group, the European PayTech.
Across the Nordics, mobile payments have now overtaken cash as the second most preferred payment method, behind card payments. Mobile payments are becoming the preferred method of about a fifth of Danish and Swedish consumers.
In Denmark, 96% of consumers use contactless payments, and a potentially world-leading 94% of card payments are now made contactlessly. In Sweden, this is 89% and 86% respectively, while Norway and Finland also show high adoption. Overall, nine in ten Nordic consumers use contactless payments, with seven out of ten consumers in Denmark, Norway and Finland using it ‘often’.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below: