Payments in Sweden 2019

Card payments still dominate

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Most payments are card payments

Published: 7 November 2019

In terms of number of payments, card payments are totally dominant in Sweden. In total, about six billion payments were made in 2018, which is the equivalent of two payments per person per day. In most cases, payments were made by card, about 60 per cent of the total (estimate), while Swish, credit transfers and direct debit together made up just over 35 per cent (estimate). The Riksbank estimate is that the number of cash payments constitute just above 5 per cent of the total number of payments.

Sweden is one of the countries with the highest card use in the world. In ten years, the average Swedish consumer has doubled their card use, from about one payment every other day in 2008 (176 per person per year), to 349 payments in 2018, which is almost one per day.