postväxel

Postväxel is a Swedish term referring to a postal money order. It was a service offered by PostNord, the postal service of Sweden, that allowed individuals to send money to others through the postal system. The sender would purchase a postväxel at a post office, specifying the recipient's name and address, and the amount of money to be sent. The recipient would then receive a notification and could collect the money at their local post office upon presenting identification.

The postväxel service provided a relatively secure and accessible method for transferring funds, particularly for those who may not have had access to traditional banking services. It was a common way to send money to family members, pay for goods and services, or handle small financial transactions. The process involved the sender paying the amount plus a fee, and PostNord issuing a receipt. The recipient would then present this receipt or a notification along with identification to claim the funds.

Over time, with the advent and widespread adoption of digital payment methods, online banking, and mobile payment apps, the demand for traditional postal money orders like the postväxel has significantly decreased. Many postal services worldwide have phased out or discontinued similar services due to declining usage and the rise of more convenient and faster electronic alternatives. PostNord has also adapted its services in response to these changing consumer habits and technological advancements in financial transactions.