Value of payment card transactions in Sweden 2013-2019, by type of card

The value of payment cards’ transactions in Sweden increased every year since 2015, both for transactions finalized with debit cards and credit cards. The highest transaction value was recorded by debit cards, which were the most common card payments. Indeed, an analysis of the number of transactions made with payment cards showed that, in 2019, debit card payments were around six times higher than credit card ones.

Is Sweden going cashless?

Sweden is not yet cashless, but the use of cash has fallen overall since 2000. In several places and situations in Sweden cash payments are no longer possible and other payment methods are being used instead. As of 2019, less than 13 percent of all payment transactions in the country were made using cash.

What other payment methods are being used?

   Card payment is still the most popular payment method in Sweden, but another method that is becoming more and more popular is mobile payment apps. The most common one is Swish, which was launched in 2012 by a few of the largest banks in Sweden. As of July 2020, the app had more than 7.8 million customers, most of them were private customers.

Total value of payment card transactions in Sweden from 2013 to 2019, by type of card

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Source

Release date

2020

Region

Sweden

Survey time period

2013 to 2019

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Statistics on "Debit and credit cards in Scandinavia "

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