What Really Lies Behind Sweden's Cashless Crusade

Sweden is certainly the country most often mentioned as having made the most "progress" toward becoming a cashless society.
The idea of a Swedish Cashless Society has some well-known supporters, amongst them Bjorn Ulvaeus, one "B" in the name of the famous pop group ABBA (...)

The ABBA Museum is sponsored by MasterCard, so perhaps an anti-cash stance can be regarded as understandable. In any event, Ulvaeus mentions home break-ins when elaborating his negative views on cash. There is a public perception that one reason he started his anti-cash campaign is that his own son's apartment in Stockholm was broken into twice.

It is perhaps worth noting rumors that Björn Ulvaeus had been personally sponsored by the large card schemes to act as an "ambassador" for the anti-cash campaign in Sweden. When these rumors appeared in the media, Björn largely vanished from the scene.

Read more

Go Further
1 2 3

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.

Newsletter subscription