As of 2023, the number of card payments in Sweden stood at 3.87 billion units. Over the past decade, card payments grew from 2.4 billion in 2013 to 3.87 billion in 2023, indicating a significant increase. The year-on-year variation has shown a declining trend from a high of 11.28% in 2016 to 2.82% in 2023. The compound annual growth rate (CAGR) over the last five years has stabilized to approximately 3.13%.

Looking forward, the forecast suggests a more modest growth, with a projected 5-year CAGR of 1.92% and an overall growth rate of 9.97% by 2028. This indicates a steady, albeit slower, increase in card payment usage in the near future.

Future trends to watch for include:

Integration of more advanced payment technologies such as biometric and digital wallet payments.
Potential impacts of economic fluctuations and regulatory changes on consumer spending behavior.
Continued innovation in fintech and its influence on payment methods and consumer preferences.