Forecast: Number of Payments by Cards with a Debit Function in Sweden

The number of payments by cards with a debit function in Sweden has exhibited a robust upward trend from 2013 to 2023, growing from 1.99 billion units to 3.46 billion units. This growth trajectory has seen fluctuations, reflected in a notable -14% decline in 2020, likely due to the COVID-19 pandemic, followed by a pronounced recovery of 30.83% in 2021. Over the last two years, there has been more stable growth with a 3.08% increase from 2022 to 2023. The 5-year CAGR from 2019 to 2023 stands at 3.2%, indicating steady but slower growth in recent years. The forecast to 2028 suggests a more conservative 5-year CAGR of 2.26%, projecting a total increase of 11.84% over this period, reaching 4.01 billion units by 2028.

Future trends to watch include the potential impact of emerging digital payment solutions, regulatory changes, and consumer behavior shifts towards cashless transactions and new fintech innovations. Monitoring these elements will be essential to understanding the evolution of payment methods in Sweden.