Forecast: Number of Cards with a Payment Function per Inhabitant in Sweden

Based on the data, the number of cards with a payment function per inhabitant in Sweden is expected to decline from 1.84 in 2024 to 1.75 in 2028. This decline represents a gradual year-on-year decrease of approximately 1.1% to 1.7%. In 2023, the value stood at 1.86. Over the past two years, the trend demonstrates a deceleration in the number of cards per inhabitant, indicating a shift towards fewer payment cards in use.

Future trends to watch for:

• The impact of digital payment solutions and their increasing adoption.
• Consumer behavior changes towards mobile wallets and contactless payments.
• Regulatory changes that may affect card issuance and usage.
• Technological advancements in payment infrastructures that could further drive the decline in physical payment cards.