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1.Market Observations, 8.Was Sticky

28 Dec 2015 (TheAge,SMH) – Sweden makes swift moves towards cash-free economy

(28 December 2015, The Age, BusinessDay, p22, Liz Alderman)

‘Parishioners text tithes to their churches. Homeless street vendors carry mobile credit-card readers. Even the Abba Museum, despite being a shrine to the 1970s pop group that wrote Money, Money, Money, considers cash so last-century that it does not accept bills and coins. Few places are tilting toward a cashless future as quickly as Sweden, which has become hooked on the convenience of paying by app and plastic.’

Read more at SMH.com.au

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