Danish households opt out of cash payments

Analysis - December 2017 - No. 24

Authors Smestad, Victor Gørtz
Subject Payment and settlement systems; 1000-krone note; The Euro; Retail payments; Coins; Banknotes; Debit cards
Type Analysis
Year 2017
Published 12 December 2017
Danes prefer digital payment solutions to cash. Digital payment solutions are chosen by the youngest Danes in particular, and many young Danes carry little or no cash. Thus, many Danes live more or less without using cash, and even more Danes are expected to live without using cash in the future. However, Denmark is not heading for a cashless society. Citizens who wish to hold cash will still have the option to do so in the future.