Payments in Sweden 2019

Card payments still dominate

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Large payments take place via transfers

Published: 7 November 2019

The picture is different if we instead look at the value of payments. In Sweden, total payments at an estimated value of almost four times the country’s GDP were made in 2018. Credit transfers make up almost all this value. It is mainly a question of payments between companies or between authorities and companies. Card payments only amount to about five per cent of the total value, while cash payments are estimated to be around one per cent.

Value of payments by payment method 2018, billions

Figure: Most money transferred via giro payments.csv

Most money is transferred via credit transfers. The figure shows that, in terms of value, credit transfers make up more than 90 per cent of payments in Sweden. (Click on the explanations under the diagram to show or hide one or more series.) Source: The Riksbank.