Does That Homeless Guy Take Credit Cards?
He does in Sweden. Welcome to the cashless society
This article is for subscribers only.
Stockholm’s homeless magazine vendors no longer need to ask if you can spare any kronor. They take credit cards. In the most cashless society on the planet, a few of the sellers of Situation Stockholm, a culture magazine hawked by the homeless, were equipped in September with portable card readers to accept payments from fellow Swedes. The move marks a world first, according to their employer.
“More and more of our sellers come in and say that people don’t have cash—they have told us this for a long time,” says Pia Stolt, the magazine’s chief executive officer. “This becomes frustrating, but now they feel they offer an opportunity to buy the paper.”
