Annual credit card spending in Sweden 2012-2023, in local currency and USD

In 2023, credit and delayed debit card payments in Spain reached a total value of approximately 295 billion Swedish kroner. This is an increase from the 274 billion euros reached in 2022. 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.