Sweden might be the world's first cashless society

Home > Events > Smart Cities > News > • Smart Cities News > Sweden might be the world's first cashless society

Sweden might be the world's first cashless society
 

Spare some kronor? No need! Stockholm’s homeless magazine vendors now take credit cards. Businessweek reports.
Situation Stockholm
is a culture magazine that costs 50 kronor ($8) and features stories on Swedish celebrities, such as pop star Robyn and actress Noomi Rapace from the Girl With the Dragon Tattoo.
 

It’s also sold by the homeless, who keep 50 percent of the money they take in from peddling the magazine. In September, five of the magazine’s 350 vendors were equipped with portable card readers to accept payments from fellow Swedes. This marks a world’s first.
 

“More and more of our sellers come in and say that people don’t have cash,” says Pia Stolt, the magazine’s chief executive officer. “They have told us this for a long time.”
 

The magazine can already be bought via a text-message service. And now, by supplying its street vendors with card readers from Swedish mobile-payments company iZettle, Situation Stockholm is seeking to accelerate sales.

But would people hesitate to use a credit card on the street? “This was one of the things we were wondering about — how safe people would feel with iZettle and this card reader,” Stolt says, “but they do.”

 

Read more: http://www.smartplanet.com/blog/

 
 
Exhibitions & Conferences

Waste Management & Recycling

Sofia Sport & Healthy Life Exhibition

Via Expo is a Member of:


Bulgarian Association of Recycling


Bulgarian Photovoltaic Association


Bulgarian- Swiss Chamber of Commerce


German-Bulgarian Chamber of Industry and Commerce


Bulgarian Industrial Association

 

2016 edition
was realized under
the patronage of:

 

With the Support of:

 

 

Media Sponsor:

 

Official Media Partner:

 

Official Hotel:

 

VIP Company:

ViaExpo