Central Banking

Cash costs more than cards in Sweden

Debit and credit card payments have a lower social cost than cash transactions for purchases of more than €8 and €18 respectively, research published by the Riksbank has found.

The Riksbank's research paper, "The Costs of Paying - Private and Social Costs of Cash and Card Payments", finds that the combined social cost of cash, credit card and debit card payments is about 0.4% of GDP.

The research also shows that cash is used too often relative to card payments in terms of both private and social

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