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In Sweden the cost of handling cash is forcing small shops to go card only. Even banks thesedays have cash-free offices.
by Entalpi 8y ago
In Sweden the cost of handling cash is forcing small shops to go card only. Even banks thesedays have cash-free offices.
- dontbenebby 8y agoAre there a lot of violent robberies in Sweden? I'd think in a society with less guns people would be more wary of robbing. The clerk is separated by a counter and may have a bat or simply hit the panic button before you can get on them, leaving little time to escape...
- AnssiH 8y agoAssuming Sweden is similar to Finland, I think the main point is not avoiding robberies, but just to save money. Here, visits to bank branches have been in decline for decades now, especially for cash services, so it makes sense for the banks to reduce the amount of locations that offer those services to save money. In 2018 there were 854 bank branches in Finland, compared to 1627 in 2007 and 3600 in 1985. Population is 5.5M. This also has the effect of increasing cash handling costs to businesses if they have to get cash services from a bank branch that is far away. Sources (Finnish): https://www.finanssivalvonta.fi/kuluttajansuoja/kysymyksia-ja-vastauksia/pankkipalvelut/peruspankkipalvelut/selvitys-peruspankkipalveluiden-saatavuudesta-ja-hinnoittelusta-2018/ https://www.finanssivalvonta.fi/kuluttajansuoja/kysymyksia-j... https://www.savonsanomat.fi/kotimaa/Suomessa-pian-alle-tuhat-pankkikonttoria-Fiva-Alaraja-alkaa-tulla-vastaan/1039549 https://www.savonsanomat.fi/kotimaa/Suomessa-pian-alle-tuhat... https://www.kauppalehti.fi/uutiset/pankkien-konttorit-katoavat/6b102a9e-f5b8-34eb-a164-a7a1bcb8f565 https://www.kauppalehti.fi/uutiset/pankkien-konttorit-katoav...
- dontbenebby 8y agoThanks for this. I did not think about distance as a cost factor.