In 2022, credit and delayed debit card payments in Spain reached a total value of approximately 274 billion Swedish kroner. This is an increase from the 239 billion euros reached in 2021. The highest transaction value was recorded by debit cards, which were the most common card payments. Indeed, an analysis of the number of transactions made with payment cards showed that, in 2019, debit card payments were around six times higher than credit card ones.
Is Sweden going cashless?
Sweden is not yet cashless, but the use of cash has fallen overall since 2000. In several places and situations in Sweden cash payments are no longer possible and other payment methods are being used instead. As of 2019, less than 13 percent of all payment transactions in the country were made using cash.
What other payment methods are being used?
Card payment is still the most popular payment method in Sweden, but another method that is becoming more and more popular is mobile payment apps. The most common one is Swish, which was launched in 2012 by a few of the largest banks in Sweden. As of July 2020, the app had more than 7.8 million customers, most of them were private customers.
Value of credit card transactions for payments in Sweden from 2012 to 2022
(in million euros, and estimates in U.S. dollars)
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Statista. (February 26, 2024). Value of credit card transactions for payments in Sweden from 2012 to 2022 (in million euros, and estimates in U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/611058/value-of-payment-card-transactions-in-sweden-by-type-of-card/
Statista. "Value of credit card transactions for payments in Sweden from 2012 to 2022 (in million euros, and estimates in U.S. dollars)." Chart. February 26, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/611058/value-of-payment-card-transactions-in-sweden-by-type-of-card/
Statista. (2024). Value of credit card transactions for payments in Sweden from 2012 to 2022 (in million euros, and estimates in U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/611058/value-of-payment-card-transactions-in-sweden-by-type-of-card/
Statista. "Value of Credit Card Transactions for Payments in Sweden from 2012 to 2022 (in Million Euros, and Estimates in U.S. Dollars)." Statista, Statista Inc., 26 Feb 2024, https://www.statista.com/statistics/611058/value-of-payment-card-transactions-in-sweden-by-type-of-card/
Statista, Value of credit card transactions for payments in Sweden from 2012 to 2022 (in million euros, and estimates in U.S. dollars) Statista, https://www.statista.com/statistics/611058/value-of-payment-card-transactions-in-sweden-by-type-of-card/ (last visited August 25, 2024)
Value of credit card transactions for payments in Sweden from 2012 to 2022 (in million euros, and estimates in U.S. dollars) [Graph], Statista, February 26, 2024. [Online]. Available: https://www.statista.com/statistics/611058/value-of-payment-card-transactions-in-sweden-by-type-of-card/