Cashless payment options remained dominant in Swedish POS, as mobile wallets especially saw their market share increase over the years. Debit cards and credit cards combined for a total market share of more than 70 percent in 2021, although the first was used less often than in previous years. The share of mobile wallets is notable in Sweden due to the growing popularity of domestic payment app Swish. This cooperation between the domestic central bank and the country's largest bank can be used in both e-commerce and POS payments. By 2021, millions of Swedes used Swish. COVID-19 measures accelerated the use of this payment method, even though it was already rolled out well before the pandemic started. In 2020, Swedish consumers stated Swish had overtaken cash payments for them.
Market share of cash, credit cards, and other payment methods at point of sale (POS) in Sweden from 2017 to 2023, with a forecast for 2027
* The source made changes to its categories in 2021, see the "Details" tab for more information.
Supplementary notes
In 2022, the source stated it made two changes to the categories used in previous years. These include a combination of "credit cards" with "charge/deferred debit cards" and the split of BNPL from "POS financing" (which itself was added as a new category in 2020). The latter change was made to atone for the "growing importance of BNPL". This seems to have been reverted for "POS financing" in the 2023 report - which covered the figures for 2022.
The figures have been taken from several publications. No figures were available for 2018 as the source did not release any reports that year.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Worldpay. (March 21, 2024). Market share of cash, credit cards, and other payment methods at point of sale (POS) in Sweden from 2017 to 2023, with a forecast for 2027 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1296917/preferred-payment-methods-sweden/
Worldpay. "Market share of cash, credit cards, and other payment methods at point of sale (POS) in Sweden from 2017 to 2023, with a forecast for 2027." Chart. March 21, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1296917/preferred-payment-methods-sweden/
Worldpay. (2024). Market share of cash, credit cards, and other payment methods at point of sale (POS) in Sweden from 2017 to 2023, with a forecast for 2027. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1296917/preferred-payment-methods-sweden/
Worldpay. "Market Share of Cash, Credit Cards, and Other Payment Methods at Point of Sale (Pos) in Sweden from 2017 to 2023, with a Forecast for 2027." Statista, Statista Inc., 21 Mar 2024, https://www.statista.com/statistics/1296917/preferred-payment-methods-sweden/
Worldpay, Market share of cash, credit cards, and other payment methods at point of sale (POS) in Sweden from 2017 to 2023, with a forecast for 2027 Statista, https://www.statista.com/statistics/1296917/preferred-payment-methods-sweden/ (last visited December 21, 2024)
Market share of cash, credit cards, and other payment methods at point of sale (POS) in Sweden from 2017 to 2023, with a forecast for 2027 [Graph], Worldpay, March 21, 2024. [Online]. Available: https://www.statista.com/statistics/1296917/preferred-payment-methods-sweden/
