Tag: Bank Cards

An increasing number of Scandinavian countries are moving towards a cashless society, in favor of using bank cards exclusively. In Sweden, almost no stores accept cash, and even banks are suspicious when a person makes a large cash transaction. The same is largely true in Denmark, where 40% of all purchases are made on smartphones, using a bank app known as MobilePay. Many people have long envisioned a cashless society, and now it is finally becoming a reality. However, it isn’t just Scandinavian countries that are embarking down this relatively new road. Sub-Saharan African countries are also experimenting with the practice. In Scandinavian countries, going cashless is a matter of convenience. But in Africa, it is more of a matter of survival. Thanks to a massive upsurge in communic...