Most used in-store (POS) payment methods in Sweden 2017-2023, with 2027 forecast
millions of Swedes used Swish. COVID-19 measures accelerated the use of this payment method, even though it was already rolled out well before the pandemic started. In 2020, Swedish consumers stated Swish had overtaken cash payments for them.
Cashless payment options remained dominant in Swedish POS, as mobile wallets especially saw their market share increase over the years. Debit cards and credit cards combined for a total market share of more than 70 percent in 2021, although the first was used less often than in previous years. The share of mobile wallets is notable in Sweden due to the growing popularity of domestic payment app Swish. This cooperation between the domestic central bank and the country's largest bank can be used in both e-commerce and POS payments. By 2021,