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Sweden

Swedish Krona (SEK)

A leader in the digital payments sphere, Sweden is moving towards becoming cashless. Electronic payment methods such as mobile apps, instant payments, and QR codes are widely used, and accepted by merchants across the country, even for small transactions.

Sweden flag

Population

10,415,811

Banked Population:

99.69%

Group 427321246

Main industries

Agriculture, Manufacturing, Tourism, and Trade & Finance

Group 427321247

Main imports

Cars, Crude & Refined Petroleum, Motor Vehicles (parts & accessories), and Broadcasting Equipment

Group 427321248

Main exports

Cars, Packaged Medicaments, Refined Petroleum, Motor Vehicles (parts & accessories), and Broadcasting Equipment

GDP stats

$61,028.7

Per capita (USD)

5.1%

Growth annually

22

World ranking

Internet usage

88%

Smartphone usage

90%

Credit/debit card usage

48.35%

Group 427321245 1

Total volume of digital payments projected to reach

$42.82B (USD)

Payment Methods in Sweden

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