Danish businesses are saying goodbye to cash

More and more payments are being made electronically, and the day is approaching when cash will no longer change hands over shop counters. According to a survey conducted by Epinion for Danske Bank, three out of four small and medium-sized enterprises (SMEs) in Denmark believe that, for them, cash will be a thing of the past in five years.

SMEs are preparing for a cashless future. According to an Epinion survey for Danske Bank, no less than 31 per cent say they have already done away with cash in their businesses, and 43 per cent do not expect to be using cash in five years. The survey was conducted among 900 decision-makers in businesses with 2-249 employees.