Digital payment types in Sweden

Statistics report on which cashless payment methods and brands are used the most in Sweden

Digital payment types in Sweden

Seen for years as one of the most likely countries in the world to turn into a cashless society, which alternative payment methods stand out in Sweden?

This report aims to provide a comparative overview of how different cashless, or digital, payment methods within Sweden compare against each other. Which payment method do consumers in the country prefer to use either in POS or online shopping? Which brands do they use? And how does Sweden deal with potential payment disruptors, such as buy now, pay later, cryptocurrency, or real-time payments?

The main structure of this report focuses on industry-important metrics for each payment method. The metrics are as follows:

  • Adoption and/or penetration;
  • The biggest brands within certain payment methods;
  • User count and/or user demographics;
  • Value of transactions, in domestic currency and/or U.S. dollar;
  • Number of transactions per user.


With those metrics, the following payment methods are discussed:

  1. Credit cards;
  2. Debit cards;
  3. Mobile payments at POS, also called contactless or mobile proximity payments;
  4. Payments in e-commerce, with any device;
  5. Buy now, pay later (BNPL);
  6. Cryptocurrency as a payment method;
  7. Account-to-account (A2A) payments;
  8. Real-time (instant) payments;
  9. (Digital) remittances.


The report, finally, closes off with a chapter on figures that help contextualize digital payments in the country - such as the market size of e-commerce, how many people do not have access to financial services, or the size of cross-border remittances from and towards the country.

The report is designed to be comparable with other "Digital payment types" studies that cover different countries across the world.

Table of contents

Market share

7
  • Premium Statistic Annual level of cash payments in Sweden 2000-2021
  • Premium Statistic Annual currency in circulation (CIC) to GDP ratio of Sweden 2001-2022
  • Premium Statistic Most used in-store (POS) payment methods in Sweden 2017-2023, with 2027 forecast
  • Premium Forecast Payments at points of sale by type in Sweden 2023
  • Premium Statistic Most used e-commerce payment methods in Sweden 2017-2023, with 2027 forecast
  • Premium Forecast Most common online payments by type in Sweden 2023
  • Premium Statistic Penetration of crypto as a means of payment in selected countries worldwide in 2023

Penetration

7
  • Premium Forecast Penetration rate of credit cards in Sweden 2014-2029
  • Premium Forecast Penetration rate of debit cards in Sweden 2014-2029
  • Premium Statistic Quarterly adoption of mobile payments at POS in Sweden 2018-2023
  • Premium Forecast Mobile payments by situation in Sweden 2022
  • Premium Statistic Annual crypto adoption development in Sweden 2020-2023, by metric
  • Premium Forecast Domestic and cross-border e-commerce revenue share 2023, by country
  • Premium Statistic Quarterly market share of outgoing digital remittances in Sweden 2016-2023

Biggest brands

7
  • Premium Statistic Biggest international and domestic payment card schemes in Sweden 2018-2022
  • Premium Forecast Most used mobile payments by brand in Sweden 2023
  • Premium Forecast Most used online payments by brand in Sweden 2023
  • Premium Statistic Biggest buy now, pay later (BNPL) apps in Sweden 2015-2023, based on downloads
  • Premium Statistic Biggest cryptocurrency wallets in Sweden 2015-2023, based on downloads
  • Premium Statistic Biggest A2A payment brands in Europe in 2023, based on monthly transaction count
  • Premium Statistic Quarterly market share of outgoing remittance brands in Sweden 2015-2023

Users

5
  • Basic Statistic Annual credit card and debit cards issued in Sweden 2000-2022
  • Premium Statistic Triennial credit card penetration in Sweden 2011-2024, by demographic
  • Premium Statistic Triennial debit card penetration in Sweden 2011-2024, by demographic
  • Premium Statistic Quarterly number of crypto users in Sweden 2021-2022
  • Premium Statistic Number of customers of A2A payment scheme Swish in Sweden 2023, by account type

Transaction value

5
  • Basic Statistic Annual credit card spending in Sweden 2012-2022, in local currency and USD
  • Basic Statistic Annual debit card spending in Sweden 2012-2022, in local currency and USD
  • Premium Statistic Global QR payment market size in 2020 with forecasts to 2025, by region
  • Premium Statistic Mobile payment market size in 10 countries in Europe in 2020, with a 2025 forecast
  • Premium Statistic Annual buy now, pay later (BNPL) spending in Sweden in 2023, with a 2029 forecast

Number of transactions

7
  • Premium Statistic Annual number of credit card transactions in Sweden 2012-2022, per capita
  • Premium Statistic Size of a credit card transaction in Sweden 2012-2022, in local currency and USD
  • Premium Statistic Annual number of debit card transactions in Sweden 2000-2022, per capita
  • Basic Statistic Size of a debit card transaction in Sweden 2012-2022, in local currency and USD
  • Premium Statistic Annual number of real-time payments in Sweden in 2022, with a 2027 forecast
  • Premium Statistic Annual number of transactions with A2A scheme Swish in Sweden 2013-2023
  • Premium Statistic Average value per transaction of A2A payment scheme Swish in Sweden 2023

Miscellaneous

6
  • Basic Statistic Annual number of POS terminals in Sweden 2000-2021
  • Premium Statistic Triennial unbanked population share in Sweden 2011-2024, by demographic
  • Premium Forecast Internet users in Sweden 2014-2029
  • Premium Forecast Mobile internet usage reach in Sweden 2010-2029
  • Premium Statistic Main cross-border online shopping origin markets in Sweden 2022, by market share
  • Premium Statistic Annual value of outgoing and incoming remittance flow in Sweden 2021, by country

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