SIX Point de Presse: Cashless Society
In Europe, three quarters of transactions are still being settled by means of cash or checks, but cashless payment with cards is rapidly catching up. Cash payments are increasingly being replaced by card payments. Alternative payment methods are gradually reaching market-readiness thanks to improved internet connections and the wider availability or smartphones and tablets. This development will certainly be the subject of discussion in the coming years in Switzerland, but also in Europe.
Sweden is years ahead of us in this respect, which is why SIX used this opportunity to consider and present Sweden as an example of a possible benchmark: "the cashless society" was a press event with the kind support of the Swedish Swiss Chamber of Commerce.