Most popular mobile payment services in Sweden 2017

Swish was the most popular mobile payment service in Sweden in 2017. The share of respondents who used Swish amounted to 75 percent. It was followed by PayPal Mobile, which was used by 14 percent of respondents that year. In fact, the number of Swish customers in Sweden in 2019 was over seven million. It was most popular among private users, which amounted to nearly 6.9 million that year. There were 192 thousand business accounts, the trade accounts amounted to 3.9 million in 2019.  

Online shopping payment methods 

         The most popular payment method for online shopping in Sweden was by debit or credit card in 2018. This method was preferred by 33 percent of respondents. It was followed by invoice payment and online banking. Swish came fifth in the list, chosen by ten percent of the participants. Paying by card was the most popular method in all Nordic countries, except for Finland, where online banking was preferred by 70 percent of the respondents in 2018.

Mobile payments in Sweden over the years 

         Mobile payment apps have grown more popular over the last few years. To be precise, the share of consumers who used such apps weeklyraised from one percent in 2013, to 25 percent as of 2017. There was a particularly big increase from 2015 to 2017, when the share of consumers using mobile payment apps grew by nine percent each year.