Which country initiated an investigation into alternative cashless options due to declining cash use?

Sweden is recognized for its proactive approach to adapting to a cashless society, leading to its investigation into alternative cashless payment options as cash usage declined. The country has experienced one of the most significant shifts towards digital payments compared to many other nations. This has prompted discussions and research regarding how to support individuals and businesses amidst this transition, ensuring that everyone has access to payment methods that suit modern needs.

Sweden's trend toward cashlessness has raised concerns, especially for vulnerable populations who may rely on cash transactions. Thus, the Swedish government sought to assess and adapt its payment systems to foster inclusivity in this evolving landscape. The initiative reflects Sweden's commitment to understanding the implications of reducing cash use and finding ways to ensure that alternative payment methods are accessible to all citizens.