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Cashless society: from Sweden to India, some might get left behind





“I think if cash disappears all over, it will be a very big problem… I’m afraid it is going too fast… so it’s a big concern if you have that feeling that society is not for you.”
Maijlis Jonsson is a 73-year-old living in the centre of Sweden’s capital Stockholm. She leads an active life with her friends, travelling around the city and meeting in coffee shops. However, one issue keeps cropping up that causes her stress.
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Niklas Arvidsson, professor at the KTH Royal Institute of Technology and Sweden’s leading expert on the payment system, acknowledges that certain demographics are in danger of being left behind, like the elderly.
“We’ve also got a problem with smaller merchants in rural areas where perhaps the telecom systems are not working,” he says.



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The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.

The cashless society from an ethical point of view









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