In Denmark, more than 30% of the population uses MobilePay, a mobile app widely used to transfer money from phone to phone and pay for goods in retail stores. The Danish government is now considering a proposal that would allow retailers to reject cash payments and accept only mobile payments. According to Reuters, Sweden, Denmark and Finland have the highest rate of credit card payments per inhabitant in the European Union.
While increased fraud is one of the risks of the move, Reuters notes that most Danish citizens would likely not be opposed to such a policy shift.
Read more, via Reuters