Payments in Sweden 2020

Cash is losing ground

The use of cash is declining

Published: 29 October 2020

In 2010, 39 per cent of respondents in the Riksbank’s survey of the payment behaviour of the Swedish population said that they paid for their most recent purchase in cash. By 2020, this figure had fallen to 9 per cent. At the same time, 50 per cent of survey respondents stated that they had used cash in the last month, which is also a decrease compared with 2018 when the corresponding proportion was 61 per cent.