Sweden is nearly a cashless society, with less than 2% of transactions occurring in physical currency as of 2020. Some estimates believe cash transactions have risen to 10% as of 2025, but it is becoming less commonplace. Swish transfer, launched in 2012, is a mobile payment system that enables users to transfer money in real-time. Accounts are linked to bank accounts, and transactions are authorized by Mobile BankID. As of February 2025, Swish had over 9 million users with 8.9 million private accounts and 318,000 business accounts. Only 10.5 million people currently live in Sweden. https://www.armstrongeconomics.com/uncategorized/nordic-countries-lead-cashless-revolution/