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Sweden: how cash became more trouble than its worthless 2 l Upper intermediate 1 Warmer Brainstorm ways of making payments and purchasing things. Ways of paying for thingsWhat were the last three
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Open a bank account if you don't already have one.
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Going cashless refers to the transition from physical cash transactions to digital payments, where consumers and businesses use electronic methods such as credit/debit cards, mobile payment applications, and online banking.
Typically, businesses and individuals who accept digital payments or engage in cashless transactions are required to file reports or declarations related to their digital payment activities.
To fill out going cashless forms, individuals or businesses must provide relevant information such as transaction details, payment methods used, and the total volume of cashless transactions conducted within a specific period.
The purpose of going cashless is to increase transaction efficiency, enhance security by reducing cash handling, and improve financial tracking and reporting for individuals and businesses.
Information that must be reported includes the types of cashless payment methods used, transaction amounts, dates, and the parties involved in the transactions.
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