How countries of the world move to cashless payments

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Monday, 21 November 2016 19:39

In the world there are two main drivers of development of cashless payments – banks and operators.

In the world the tendency of transition to cashless payment of goods and services is observed, which is not surprising taking into account that how quickly and in what volume and the range Internet services blossom. Some countries refuse cash quickly and without serious consequences, others – conservatively are rather afraid and hesitate. In this article it is told about how in the different countries of the world cashless payments won the market.


In the world there are two main drivers of development of cashless payments – banks and operators.

Positions of banking applications and services are predictably strong in the highly developed countries like the USA, Canada, and the European states. At each country where cashless payments became popular, has their own reasons and stories, but everywhere result is one – growth, growth and once again growth of number of transactions, users, means. 


Sweden – one of the most developed European countries, the frequenter of tops of ratings of a level of living. Here the banking system, cashless payments, network of terminals over all country which accept them, and services for contactless payment of all things is perfectly developed. Even the homeless on city streets is ready to make of non-cash transactions. The main engine of cashless payments in the country – the Swish application which account 40% of residents of the country. According to information, for the last year through the application 9 million transactions were made. 
Swish developed the main banks of Sweden. It allows to transfer money to the account to other subscriber, just specifying its phone number and the amount.
Not only large sales outlets moved to the cashless payment. In Sweden without bank card or a mobile application it is impossible to purchase the ticket for public transportation. Small sales outlets can refuse purchase of any nonsense, motivating it with the fact that they do not accept cash. Cases when services industry objects at first refused acceptance of cash are known, then they returned to this practice again. But it does not cancel a tendency – the population of Sweden prefers not to fiddle around with money.


Denmark declared the intention to become the non-cash country – such talk goes since 2015. In general, the situation in all countries of Northern Europe more or less similar – they already have sufficient infrastructure for payment transfer to the electronic world. Banks release applications which allow paying easily without cash. In 2012 in Denmark 84,2% of transactions fell to the share of cards and e-wallets. In 2013 Danske Bank, the largest commercial bank of Denmark, released the MobilePay application – potential users already were morally and are technology ready to such kind decision. In the first day of MobilePay loaded 25000 users. Now at the application already 3 million users (the population of Denmark – 5,7 million inhabitants).


Translation of PR-Service of the
Common Republican Processing Centre

Read 3414 times Last modified on Tuesday, 22 November 2016 12:50

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