Payments in Sweden 2019

The payment market is being digitalised

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Payments in Sweden 2019

The payment market is being digitalised

The payment market is going through a phase of major change driven by new digital technology. It has become easier for most people to pay as it is now possible to pay by card or mobile phone virtually everywhere. Paying by card is most common, although payments by mobile phone (Swish) are increasing sharply and several shops now also accept invoice payments. At the same time, the use of cash is declining. Paying may therefore become more difficult for certain groups that are unable to use digital technology.

Published: 7 November 2019

Payments by mobile phone (Swish) is increasing sharply

The figure shows that the value (SEK per person and year) of cash withdrawn from ATMs has fallen in recent years while the value of Swish payments has risen sharply.

Figure: Payments by mobile phone (Swish) is increasing sharply

(Click on the explanations under the diagram to show or hide one or more series.) Sources: Bankgirot and the Riksbank.