käteismaksuun

Käteismaksuun, a Finnish term, translates to "cash payment" or "payment in cash." It refers to the act of settling a transaction using physical currency, such as banknotes and coins, rather than through electronic means like credit cards, debit cards, or mobile payment applications.

In Finland, while electronic payment methods are widely prevalent and often preferred for convenience and security, cash payments remain a legitimate and accepted form of transaction. Businesses are generally required to accept cash, though exceptions may exist for specific situations or by explicit prior agreement. The use of cash can offer anonymity to consumers and may be preferred for budgeting or in situations where electronic systems are unavailable or unreliable.

The prevalence of käteismaksuun has seen a gradual decline in recent years with the rise of digital payment technologies. However, it continues to be a part of the Finnish economic landscape, particularly for smaller transactions, in certain retail environments, and among specific demographic groups. Regulations and societal norms influence the ongoing role of cash payments in the Finnish economy.