Smartphones whenever they want to spend money

[ishanijerin1]

For example, when you board a train in Sweden, you can buy tickets for domestic trains using an app called "SL Tickets."
Download it, enter your credit card information, and purchase a ticket.
At the ticket gate, hold the barcode on your smartphone over the ticket and proceed to the platform.

Paying at a restaurant. When borrowing money from a friend or paying it back.
Again, you take out your smartphone instead of your wallet.
The app "Swish" is very useful.
With Swish, if you know the phone number of the skype database person you want to send money to, you can send and receive money on the spot.


There is an app called "Bank ID" issued by a Swedish bank that is linked to your bank account, and by linking it to Swish, you can transfer money on the spot. Bank
ID can be used at about 10 banks in Sweden, so it's no problem even if the other person's bank is different.

What's even more surprising is that in Sweden, even homeless people selling our magazine on the street accept credit cards.



Isn't it common to see "No cash payments" signs?
In Japan, you often see signs saying "Credit cards not accepted," but in Stockholm, the capital of Sweden, it is not uncommon to see signs saying "cash not accepted."
In 2014, 80% of transactions in Sweden were conducted without cash, and the total amount of cash in circulation is just under 3% of GDP.

Banks are also moving towards a cashless society, and in 2012, only one of Sweden's six major banks still handled cash.
What's interesting is that the number of bank robberies has changed dramatically as a result of banks going cashless.
The number of bank robberies, which was 9,000 in 2011, dropped to 21 in 2012. Apparently
, you can no longer board buses with cash as a measure against robberies.

Taxi and convenience store robberies are common in Japan, so there are many benefits to going cashless other than convenience.