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Are payments in Sweden secure?

29/10/2020 -

https://www.riksbank.se/en-gb/payments--cash/payments-in-sweden/payments-report-2021/2.-safety-and-efficiency/are-payments-in-sweden-safe/ Payments in Sweden are secure and there have been few interruptions in the major payment systems in 2020.

Payments & cash / Payments Report

Cash free – not problem-free

29/10/2020 -

People in rural areas are finding it harder to cope without cash. This is also true of elderly people. In addition, many people experience occasional technical problems when paying in shops. Cashless – not problem-free...

Payments & cash / Payments Report

Payment behaviour in Sweden has been affected

29/10/2020 -

The restrictions introduced during the pandemic and unease over the spread of infection have affected purchase and payment behaviour in Sweden. At the start of the pandemic, consumption fell drastically, not least within the travel and...

Payments & cash / Payments Report

Electronic commerce is becoming increasingly common

29/10/2020 -

Purchasing goods and services on the Internet is common. In the Riksbank’s survey of the payment behaviour of the Swedish population in 2020, 66 per cent of respondents state that they have purchased goods and services on the Internet in the last...

Payments & cash / Payments Report

Changed Swish habits during the pandemic

29/10/2020 -

During the pandemic, older people have started to use Swish more ...but older people still make fewer Swish payments than other age groups Elderly people have started to use Swish more during the pandemic. People over the age of 65 use Swish the...

Payments & cash / Payments Report

Payments in Sweden 2020

29/10/2020 -

People in Sweden are paying more frequently by card or the app Swish, instead of in cash. This trend has grown stronger during the coronavirus pandemic. To prepare for the future, the Riksbank is investigating the possibility of issuing digital...

Payments & cash / Payments Report

1. The payment market is being digitalised

29/10/2020 -

Sweden is at the forefront of the digitalisation of the payment market. Among other things, this is because fewer and fewer people in Sweden are using cash while more and more payment solutions are emerging. For example, it is becoming more...

Payments & cash / Payments Report

The coronavirus pandemic has affected how people in Sweden and abroad are making payments

29/10/2020 -

During the coronavirus pandemic, the Swedish people have chosen to use Swish and contactless card payments more often when paying in shops. Payments have continued to function well during the pandemic. The coronavirus pandemic has affected how...

Payments & cash / Payments Report

Google Pay, Samsung Pay, Apple Pay and cryptocurrencies such as Bitcoin are also being used now

29/10/2020 -

Swish is not the only mobile application used to make payments. 16 per cent of respondents state that they have access to another payment application such as Samsung Pay or Apple Pay. In addition, five per cent of the youngest age group have...

Payments & cash / Payments Report

Increased focus on central bank digital currency

29/10/2020 -

During the pandemic, the central banks’ work on developing central bank digital currency has intensified. In Sweden, there has long been a trend towards a cashless society but, in other countries, cash payments did not decrease until the...

Payments & cash / Payments Report