Trying to Use Cash in Scandinavia

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Quick Commentary by Kurt Strawhecker, Managing Partner - TSG

As the Scandinavians are rushing to a cashless society, we thought it would be instructional to try and use cash as we visited Stockholm and Copenhagen last month – a kind of reverse psychology experiment. 

We attempted to use cash in several merchant transactions, including taxis, restaurants and museums.
 
Stockholm, Sweden

  • We tried to pay cash to the first taxi driver we saw in Stockholm; however, he had no change to break the mid-size Swedish Kroner bill I presented to him. 
  • On our first night, we opened the menu of a Michelin Star restaurant, Oaxen, to be greeted by the following message: ‘we are a cash free restaurant’
  • On to the popular Vasa Museum, where I offered cash for the minimal admission price.  The ticket attendant looked at me with a sympathetic look and said, “But you don’t have a card?”

Click to read about Copenhagen, Denmark.