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Cashless Society: When Will Merchants Stop Accepting Cash in Sweden - A Research Model

  • Niklas Arvidsson
  • Jonas Hedman
  • Björn Segendorf
Conference paper
Part of the Lecture Notes in Business Information Processing book series (LNBIP, volume 276)

Abstract

Over the past decades, we have witnessed changes into how individual’s pay. In particular, there has been a drop in the use of cash as payment instrument both in terms of value and frequency. Consequently, the amount of outstanding cash is shrinking. For instance, in Sweden the level of cash is around 1.5% of Gross Domestic Product. This might be a tipping point for when cash is of practical use. In the paper, we present a research model that explores when merchants will stop accepting cash.

Keywords

Cashless society Merchants Cash adoption 

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Copyright information

© Springer International Publishing AG 2017

Authors and Affiliations

  • Niklas Arvidsson
    • 1
  • Jonas Hedman
    • 2
  • Björn Segendorf
    • 3
  1. 1.KTH Royal Institute of TechnologyStockholmSweden
  2. 2.Copenhagen Business SchoolFrederiksbergDenmark
  3. 3.Sveriges RiksbankStockholmSweden

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