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Demise of cash continuing in Finland

29 July 2018 Be the first to comment 112

Bo Harald

Chairman/Founding member, board member

Transmeri, Demos, Real Time Economy Program,MyData

A population of 5,5m (and some tourists) produced the following ATM volumes:

Million times/billion €s:

2014: 145,1 million times/14,4billion €

2015: 137,1m/13,9bn

2016: 124,3m/13,0bn

2017: NA yet m/12,1bn

So the rate of decline of €s has doubled to 7% in 2017 compared to 2015. Serious cost savings for all. Shops are not refusing cash yet - unlike Sweden where this is a rising trend.

This content has been created by the Finextra editorial team with inputs from subject matter experts at the funding sponsor.

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Bo Harald

Chairman/Founding member, board member

Transmeri, Demos, Real Time Economy Program,MyData

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Helsinki Region

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Demise of cash continuing in Finland

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