Forecast: Number of Payment Transactions by Non-banks in Sweden

The number of payment transactions by non-banks in Sweden increased from 3.6 billion units in 2013 to 5.75 billion units in 2023. The growth over these years witnessed fluctuations, with significant growth periods in 2016 and 2021, and a notable decline in 2020, likely influenced by external factors. Year-on-year variation shows a peak of 30.27% in 2021, while the compound annual growth rate (CAGR) for the last five years is 2.99% up to 2023.

Future trends indicate a continued growth trajectory with forecasted data suggesting an increase to 6.55 billion units by 2028. The forecasted average annual growth rate (CAGR) for the next five years stands at 2.01%. Despite occasional annual fluctuations, the overall 10.46% growth over these five years signals a steady upward trend.

Future trends to watch for include the adoption of new payment technologies and potential regulatory changes impacting non-bank payment providers. Additionally, the influence of macroeconomic factors and consumer behavior shifts towards digital payment solutions will be pivotal in shaping the trajectory of payment transactions.