Payment methods in Sweden
Over 40% of Swedish online consumers make cross-border purchases on a monthly or weekly basis.
Market takeaways
- Over 40% of Swedish online consumers make cross-border purchases on a monthly or weekly basis.
- Swedish e-commerce is expected to generate more than 140 billion SEK in 2025, equivalent to nearly 15 billion USD.
- In 2024, China was the top foreign market for Swedish online shoppers, with around 37% of them ordering from Chinese e-commerce sites.
- In 2024, Swedes used mobile devices to complete more than 40% of their online transactions, with a slight increase on the previous year.
- Swedes use digital payment methods in almost 72% of online transactions. Popular digital payment methods include Swish, ApplePay, and AfterPay.
Population
10.6M
Online population
9.7M
B2C e-commerce
$10.6B
Banked population
99.9%
Credit card population
44.5%
E-commerce of total retail
12%
Payment method breakdown
- Card27%
- Cash1%
- Bank Transfer31%
- E-Wallet18%
- Other23%
Card scheme breakdown
- Visa28%
- Mastercard70%
- American Express2%
- Local schemes0%
- Other0%
Cross-border e-commerce
Cross-border shoppers
44%
Share of e-commerce
49%
Cross-border value (est.)
$5.9B
Featured payment methods in Sweden
Popular options based on coverage and prominence in this market.
All payment methods in Sweden
Discover 1 payment methods from around the world
Featured banks in Sweden
Major institutions operating in this market.
Nordea
Helsinki, Finland
Nordea is the largest bank in the Nordic region, headquartered in Helsinki, with major operations across Sweden, Denmark, Norway, and Finland.
Danske Bank
Copenhagen, Denmark
Danske Bank is the largest bank in Denmark and one of the leading universal banks in the Nordic region, serving 3 million retail and 500,000 business customers.
DNB Bank
Oslo, Norway
DNB is Norway's largest financial group and one of the largest in the Nordic region, offering retail, corporate, and investment banking, plus insurance and real estate services.
Nordea Finland
Helsinki, Finland
Nordea Finland is the headquarters of the pan-Nordic Nordea Group, offering retail, corporate, and investment banking.
Swedbank
Stockholm, Sweden
Swedbank is Sweden's largest bank by customer count and a leading universal bank in the Nordic and Baltic regions.
SEB (Skandinaviska Enskilda Banken)
Stockholm, Sweden
SEB is a Swedish corporate and investment bank with a strong retail franchise in Sweden and the Baltics.
All banks in Sweden
Showing 9 of 9 banks
