Bank Robberies Fall to Zero for First Time in Cashless Denmark

Bank Robberies Fall to Zero for First Time in Cashless Denmark(Bloomberg) -- Bank robberies are becoming a thing of the past in cashless Denmark as the Nordic country recorded its first year of zero holdups in 2022. In 2021, Denmark only had one bank robbery, according to data from Finance Denmark, the country’s largest industry group for lenders. Danes increasingly use cards and payments apps on their smart-phones for transactions, causing cash withdrawals to drop by about three-quarters over the last six years, according to central bank data. In total, about 20 bank branches across Denmark have cash holdings, according to Finance Denmark. Those have also come down to zero amid better surveillance and technical protection, the finance group said.