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Payments in Sweden 2020

Publish Date: 29-10-2020

Publish Frequency: 1

Source: Sveriges Riksbank

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Type: Report

Synopsis: Cash usage is at the lowest level ever. Less than one-tenth of all payments are made in cash. Instead, people in Sweden are paying more often by card or the app Swish. This trend has grown stronger during the coronavirus pandemic. To prepare for a future in which fewer and fewer people pay in cash, the Riksbank is investigating the possibility of issuing digital cash – the so-called e-krona. It is also important that those who want to use cash should be able to continue to do so. These are the conclusions in the latest report, "Payments in Sweden 2020".

Public Link: https://www.riksbank.se/en-gb/payments--cash/payments-in-sweden/payments-in-sweden-2020/1.-the-payment-market-is-being-digitalised/cash-is-losing-ground/

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