{"id":5700,"date":"2018-02-25T16:21:02","date_gmt":"2018-02-25T16:21:02","guid":{"rendered":"https:\/\/insights.invyo.io\/europe\/?p=5700"},"modified":"2019-04-12T16:53:24","modified_gmt":"2019-04-12T16:53:24","slug":"do-cashless-societies-will-end-to-financially-exclude-non-tech-savvy","status":"publish","type":"post","link":"https:\/\/insights.invyo.io\/europe\/analyses\/do-cashless-societies-will-end-to-financially-exclude-non-tech-savvy\/","title":{"rendered":"Do cashless societies will end to financially exclude non-tech savvy?"},"content":{"rendered":"<p><strong>In the myriads of avantages that digitization is bringing to societies, there are some negative effects as shown with Sweden\u2019s cashless revolution.<\/strong><\/p>\n<p>The country is renown worldwide for its advancements in <strong>digital payment solutions<\/strong> with companies like <a href=\"https:\/\/www.izettle.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>iZettle<\/strong><\/a> or <strong><a href=\"https:\/\/www.klarna.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Klarna<\/a><\/strong> that are pioneers in the sector. The problem with being an <strong>advanced tech economy<\/strong> is that your are leading the way without really knowing what&#8217;s ahead of you.<\/p>\n<p>That&#8217;s kind of what Sweden is currently experiencing with the <strong>ultra fast transition<\/strong> that is happening in\u00a0<strong>mobile and digital payments<\/strong>. Authorities are indeed worried about the consequences of such a transition and the impact on infrastructures used to handle cash.<\/p>\n<p>The \u201cNo cash accepted\u201d environment isn&#8217;t that difficult to adapt for the <strong>young population<\/strong> that is used to paying with a <strong>credit card or a mobile<\/strong>, but is much harder for the <strong>elderly or the lower-incomes<\/strong>\u00a0who aren\u2019t as <strong>digitally savvy<\/strong>.<\/p>\n<p>Why? Simply because if businesses don\u2019t accept cash, it means that those people are excluded from the system and can&#8217;t shop, eat or bank.<\/p>\n<hr \/>\n<p>This article was first published in <a href=\"http:\/\/fortune.com\/2018\/02\/19\/sweden-cashless\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Fortune<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the myriads of avantages that digitization is bringing to societies, there are some negative effects as shown with Sweden\u2019s cashless revolution. The country is renown worldwide for its advancements in digital payment solutions with companies like iZettle or Klarna that are pioneers in the sector. The problem with being an advanced tech economy is [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5749,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[551,2183],"tags":[1909,578,1950,280,3,1953,353,352,1727,1674,426,339,1949,265,1351,1951,350,1952],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Do cashless societies will end to financially exclude non-tech savvy? - INVYO Insights Europe : Media Fintech<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insights.invyo.io\/europe\/analyses\/do-cashless-societies-will-end-to-financially-exclude-non-tech-savvy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Do cashless societies will end to financially exclude non-tech savvy? - INVYO Insights Europe : Media Fintech\" \/>\n<meta property=\"og:description\" content=\"In the myriads of avantages that digitization is bringing to societies, there are some negative effects as shown with Sweden\u2019s cashless revolution. 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