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Credit card fraud is not nearly as common in Europe as it is in the US.

Additionally, and specifically in Sweden, the fees that banks charge businesses for handling cash (picking it up and depositing it at the end of each business day) have increased significantly in the last decade or two. This has been a significant factor in driving businesses away from cash - it's just expensive for them to deal with.

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Are you sure Europe has less credit card fraud? When is your data from?

The US has a much less secure system specifically because there was much less credit card fraud in the US than in Europe.

Chip and PIN was an attempt to combat the rampant fraud in Europe.

It may be true at this point, I haven’t been tracking recently, but it wasn’t in the past.

Another factor: I'm pretty sure it's more common that people have debit cards than credit cards in Europe, which equals less credit card fraud.

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