In Sweden, a Cash-Free Future Nears
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In Sweden, a Cash-Free Future Nears
1–10 of 53 posts
Re: In Sweden, a Cash-Free Future Nears
#2This seems to pop up in different forms on HN every now and then and then the same arguments all take place in the comments so allow me to start.
As a Swede I would not want to have it any other way, and any time I'm abroad I miss the simplicity.
There are privacy issues and cost issues sure, but this is a general problem in lots of ways for most nations.
Re: In Sweden, a Cash-Free Future Nears
#3Here in Sweden most people don't carry any cash and would buy a stick of gum with their card. If you want to give someone money, you "swish" it to them. Swish is a massive smartphone app for people to people payments supported by all banks.
Re: In Sweden, a Cash-Free Future Nears
#4This seems to pop up in different forms on HN every now and then and then the same arguments all take place in the comments so allow me to start. As a Swede I would not want to have it any other way, and any time I'm abroad I miss the simplicity. There are privacy issues and cost issues sure, but this is a general problem in lots of ways for most nations.
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Re: In Sweden, a Cash-Free Future Nears
#5Here in Sweden most people don't carry any cash and would buy a stick of gum with their card. If you want to give someone money, you "swish" it to them. Swish is a massive smartphone app for people to people payments supported by all banks.
Is there any fee/commission for Swish?
If there is not, was that a voluntary choice by the banks, or a regulator's requirement?
Re: In Sweden, a Cash-Free Future Nears
#6Yeah, and allow government, secret services, police and the NSA to track your entire life. Fuck that, I'm sticking with cash.
Re: In Sweden, a Cash-Free Future Nears
#7Yeah, and allow government, secret services, police and the NSA to track your entire life. Fuck that, I'm sticking with cash.
That seems like a solvable problem though. For instance, prepaid cards or apps based on a similar principle should fix this.
Re: In Sweden, a Cash-Free Future Nears
#8Here in Sweden most people don't carry any cash and would buy a stick of gum with their card. If you want to give someone money, you "swish" it to them. Swish is a massive smartphone app for people to people payments supported by all banks.
Is there any fee/commission for Swish? If there is not, was that a voluntary choice by the banks, or a regulator's requirement?
They're supposed to charge 1kr per transaction, flat fee, but they've been putting it off. They're probably getting people used to the service before starting to charge for it. Taking a note out of the drug dealer's book I suppose.
Re: In Sweden, a Cash-Free Future Nears
#9Here in Sweden most people don't carry any cash and would buy a stick of gum with their card. If you want to give someone money, you "swish" it to them. Swish is a massive smartphone app for people to people payments supported by all banks.
Is there any fee/commission for Swish? If there is not, was that a voluntary choice by the banks, or a regulator's requirement?
When the Swish service launched (2012) it was only consumer-to-consumer and no fees. Last year they added businesses and charge similarly to credit cards, fee on the creditor side.
Re: In Sweden, a Cash-Free Future Nears
#10I don't know how it's for native swedes, but last couple times I was visiting there (and that was a few years ago) I didn't even bother to exchange currency or have any swedish kronor in my wallet. You just can do everything without cash.