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Cashless Denmark: The second cashless society?

By Lisa Löfgren, Former Marketing Comms Manager Nordics & Baltics • Visa Europe

January 18, 2016

Closely following Sweden’s transition in becoming a cashless society, Denmark is the second Nordic country to generate headlines around turning away from cash. Cashless Denmark.

‘There’s no stopping this development – the trend cannot be reversed’, states Deutsche Welle in their latest article on the cash-free topic, claiming that cash payments are on their way out in Denmark.

Cashless Denmark: The second cashless society?

“Consumers as well as retailers are pushing for continued digitalisation of payments, and through enabling contactless payments nationwide we are responding to the market’s needs”, comments Jens Damgaard,Visa Europe’s Country Manager in Denmark.

“During 2016 we’re replacing an even bigger chunk of the low value cash purchases with c. 4 million contactless cards issued, and a merchant acceptance of 50% of point-of-sale in Denmark”, Damgaard continues.

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