Trends in the payments market

In Sweden, more and more people are choosing to pay by mobile phone. Services that integrate the payment card into a mobile phone are increasingly being used instead of physical cards and almost everyone in Sweden has access to the Swish payment app. At the same time, cash use continues to decline. The digitalisation of the payments market is a global trend. Sweden was an early adopter of Swish, but now our neighbouring countries have come further and offer more ways to pay instantly. They also have a higher proportion of instant payments than we have in Sweden. The digitalisation is also reflected in the fact that most central banks are now exploring a digital complement to cash - what in Sweden is called the e-krona.

Published: 14 March 2024