Forecast: Number of Cards with a Payment Function in Sweden

The number of cards with a payment function in Sweden exhibited fluctuations over the years, with recorded data showing peaks in 2015 at 24.93 million units and declining steadily towards 2023 with 18.82 million units. The year-on-year variation highlighted notable changes with significant growth in 2015 at 12.81% followed by a sharp decline in 2016 at -14.45%. More recently, the figures indicated a negative growth of -1.13% in 2023. Over the last five years, the CAGR displayed a slight decline at -0.61%.

Future projections from 2024 to 2028 suggest a continuous downward trend with a forecasted 5-year CAGR of -0.98%, culminating in 17.75 million units by 2028. This represents a consistent decline in the number of cards with a payment function, indicating an anticipated decrease of -4.82% over the forecast period.

Trends to watch for:

• Technological advancements and shifts towards digital payment solutions that could further impact the usage of physical payment cards.
• Regulatory changes and market dynamics that could influence consumer behavior and the card payments market.
• Emergence of alternative payment methods such as mobile wallets, cryptocurrencies, and other digital innovations.