What you need to know: Sweden may be the first country to have its first cashless day because e-commerce is continuously growing. The effects of fintech innovation on traditional banks and the prospects of cross-border electronic payments can change the way people shop radically. Furthermore, they can push the world market to a cashless economy.
Why this is important: Cashless is coming, and the swedish are pioneers. Cashless not only means no more paper bills, but also a replacement of plastic. Within a couple of years banking will develop into a platform on which specialised third-party players will operate
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