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Stockholm's Friends Arena Goes Cashless

STOCKHOLM (Sweden) — Friends Arena in Stockholm will be the latest venue to shift to a cashless payment system.

According to Audience Magazine, the 65,000-capacity venue will rely on a cloud-based cashless payment system that will allow customers to pay for food, drinks and merchandise via 'cash points' attached to their tickets, or via smart phone app.

"It will mean more money for us because when people use their credit card, we have to pay a percentage to the bank," stadium CEO Thomas Perslund told Audience.

The arena currently serves as home field for Sweden's national football team.