Swedish Banks Make Money Ditching Cash as Krona Goes Virtual
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If you’re looking for Swedish cash, don’t go to a Swedish bank.
Most of the country’s biggest lenders, SEB AB, Swedbank AB and Nordea Bank AB, have stopped manual cash-handling services in 65 percent to 75 percent of their local branches. They say cash is out as Swedes rely on credit cards, the Internet and mobile phones to make all their payments.