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In high-tech Japan, cash remains king





Once a pioneer in technologies for cashless transactions, Japan is now lagging the world’s biggest economies in the embrace of electronic payments because most of the population still prefers physical money.
Four out of five purchases are still made with cash in Japan, despite its reputation as a futuristic and innovative nation. In South Korea, some 90 percent of transactions are now digital, while Sweden aims to be a cashless society as early as 2023.

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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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