Old Soldiers Never Die: They Just Fade Away: Sweden Is Cash Free

Niklas Arvidsson; Jonas Hedman; Björn Segendorf

doi:10.1007/978-3-031-89933-1_6

Old Soldiers Never Die: They Just Fade Away: Sweden Is Cash Free

Niklas Arvidsson, Jonas Hedman^*, Björn Segendorf

^*Corresponding author af dette arbejde

Institut for Digitalisering

Publikation: Bidrag til bog/antologi/rapport › Konferencebidrag i proceedings › Forskning › peer review

Abstract

Money is one of humanity’s most important innovations. Over the last decades, money has gradually changed from physical artifacts to digital representations. This process is evident in everyday life as societies move towards a cash-free society. Sweden is the frontrunner, where the value of cash in circulation fell by more than 50% from 2007 to 2017, and the development seems irreversible since people prefer to pay digitally. We define a cash-free society as one in which cash is no longer a generally accepted medium of exchange. Drawing upon a survey of 741 merchants and secondary data from public sources, we identified that Sweden was cash-free on March 24th, 2023.

Originalsprog	Engelsk
Titel	Enterprise Applications, Markets and Services in the Finance Industry : 12th International Workshop, FinanceCom 2024, Copenhagen, Denmark, October 10, 2024, Revised Selected Papers
Redaktører	Jonas Hedman, Rob Gleasure, Madhushi Bandara
Antal sider	8
Udgivelsessted	Cham
Forlag	Springer
Publikationsdato	2025
Sider	81-88
ISBN (Trykt)	9783031899324
ISBN (Elektronisk)	9783031899331
DOI	https://doi.org/10.1007/978-3-031-89933-1_6
Status	Udgivet - 2025
Begivenhed	FinanceCom 2024 - 12th International Workshop: Enterprise Applications, Markets and Services in the Finance Industry - Copenhagen Business School, Frederiksberg, Danmark Varighed: 10 okt. 2024 → 10 okt. 2024 Konferencens nummer: 12 https://www.tilmeld.dk/financecom2024/conference

Workshop

Workshop	FinanceCom 2024 - 12th International Workshop
Nummer	12
Lokation	Copenhagen Business School
Land/Område	Danmark
By	Frederiksberg
Periode	10/10/2024 → 10/10/2024
Internetadresse	https://www.tilmeld.dk/financecom2024/conference

Navn	Lecture Notes in Business Information Processing
Vol/bind	541
ISSN	1865-1348

Emneord

Cashless society
Cost of paying
Medium-of-exchange

Adgang til dokumentet

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Citationsformater

Arvidsson, N., Hedman, J., & Segendorf, B. (2025). Old Soldiers Never Die: They Just Fade Away: Sweden Is Cash Free. I J. Hedman, R. Gleasure, & M. Bandara (red.), Enterprise Applications, Markets and Services in the Finance Industry: 12th International Workshop, FinanceCom 2024, Copenhagen, Denmark, October 10, 2024, Revised Selected Papers (s. 81-88). Springer. https://doi.org/10.1007/978-3-031-89933-1_6

Arvidsson, Niklas ; Hedman, Jonas ; Segendorf, Björn. / Old Soldiers Never Die: They Just Fade Away : Sweden Is Cash Free. Enterprise Applications, Markets and Services in the Finance Industry: 12th International Workshop, FinanceCom 2024, Copenhagen, Denmark, October 10, 2024, Revised Selected Papers. red. / Jonas Hedman ; Rob Gleasure ; Madhushi Bandara. Cham : Springer, 2025. s. 81-88 (Lecture Notes in Business Information Processing, Bind 541).

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abstract = "Money is one of humanity{\textquoteright}s most important innovations. Over the last decades, money has gradually changed from physical artifacts to digital representations. This process is evident in everyday life as societies move towards a cash-free society. Sweden is the frontrunner, where the value of cash in circulation fell by more than 50% from 2007 to 2017, and the development seems irreversible since people prefer to pay digitally. We define a cash-free society as one in which cash is no longer a generally accepted medium of exchange. Drawing upon a survey of 741 merchants and secondary data from public sources, we identified that Sweden was cash-free on March 24th, 2023.",

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Arvidsson, N, Hedman, J & Segendorf, B 2025, Old Soldiers Never Die: They Just Fade Away: Sweden Is Cash Free. i J Hedman, R Gleasure & M Bandara (red), Enterprise Applications, Markets and Services in the Finance Industry: 12th International Workshop, FinanceCom 2024, Copenhagen, Denmark, October 10, 2024, Revised Selected Papers. Springer, Cham, Lecture Notes in Business Information Processing, bind 541, s. 81-88, FinanceCom 2024 - 12th International Workshop, Frederiksberg, Danmark, 10/10/2024. https://doi.org/10.1007/978-3-031-89933-1_6

Old Soldiers Never Die: They Just Fade Away: Sweden Is Cash Free. / Arvidsson, Niklas; Hedman, Jonas; Segendorf, Björn.
Enterprise Applications, Markets and Services in the Finance Industry: 12th International Workshop, FinanceCom 2024, Copenhagen, Denmark, October 10, 2024, Revised Selected Papers. red. / Jonas Hedman; Rob Gleasure; Madhushi Bandara. Cham: Springer, 2025. s. 81-88 (Lecture Notes in Business Information Processing, Bind 541).

Publikation: Bidrag til bog/antologi/rapport › Konferencebidrag i proceedings › Forskning › peer review

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Arvidsson N, Hedman J, Segendorf B. Old Soldiers Never Die: They Just Fade Away: Sweden Is Cash Free. I Hedman J, Gleasure R, Bandara M, red., Enterprise Applications, Markets and Services in the Finance Industry: 12th International Workshop, FinanceCom 2024, Copenhagen, Denmark, October 10, 2024, Revised Selected Papers. Cham: Springer. 2025. s. 81-88. (Lecture Notes in Business Information Processing, Bind 541). doi: 10.1007/978-3-031-89933-1_6