Cash usage falling rapidly in Denmark

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National Bank of Denmark

Cash usage in Denmark is rapidly falling, according to a survey carried out by the National Bank of Denmark in the second half of 2019.

The study found that 34% of Danes did not generally carry any cash for payments in 2019, a trend that is especially acute among younger people. This represents a rapid evolution; a similar study found the share was only 16% in 2017. This would indicate that roughly an additional fifth of the country’s population has gone largely cashless in two years.

Despite

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