100percent dating from the scandinavia


12-Nov-2017 07:55

The decline of cash is noticeable even in houses of worship, like the Carl Gustaf Church in Karlshamn, southern Sweden, where Vicar Johan Tyrberg recently installed a card reader to make it easier for worshippers to make offerings.

Bills and coins represent only three per cent of Sweden's economy, compared to an average of nine per cent in the eurozone and seven per cent in the U.

The prevalence of electronic transactions — and the digital trail they generate — also helps explain why Sweden has less of a problem with graft than countries with a stronger cash culture, such as Italy or Greece, says economics professor Friedrich Schneider of the Johannes Kepler University in Austria. According to the Swedish National Council for Crime Prevention, the number of computerized fraud cases, including skimming, surged to nearly 20,000 in 2011 from 3,304 in 2000.

The Swedish newspaper market has traditionally been strong.

More than 75 percent of the adult population read a newspaper on an average day. Of those, however, about 60 are published only once or twice a week and have a low circulation.

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