Sweden's payment market has the following characteristics:
Cashless Society Approach: - Minimal cash usage, digital payments dominate - Many merchants and services no longer accept cash
Innovative Payment Technologies: - New technologies such as biometric payments gradually introduced - Contactless payments popular in retail sector
Open Banking Ecosystem: - Financial technology innovation active - Traditional banks actively embracing digital transformation
E-commerce Development: - Diversified online payment solutions - Growing cross-border e-commerce payment demand
Regulatory Environment: - Complies with EU Payment Services Directive (PSD2) - Focuses on payment security and consumer protection
Internationalization Trends: - International payment platforms such as Apple Pay popular - Local payment solutions such as Klarna expanding globally
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Popular payment methods
Klarna
Klarna is commonly used for digital wallets payments in SE.
- Payment type
- Digital Wallets
- Buyer coverage
- SE
- Payment currency
- EUR/SEK
- Refund
- Partial refund
Trustly
Trustly is commonly used for bank transfer payments in SE.
- Payment type
- Bank Transfer
- Buyer coverage
- SE
- Payment currency
- EUR/SEK
- Refund
- Partial refund
Satispay
Satispay is commonly used for digital wallets payments in SE.
- Payment type
- Digital Wallets
- Buyer coverage
- SE
- Payment currency
- EUR/SEK
- Refund
- Partial refund
Paysafecard
Paysafecard is commonly used for prepaid card payments in SE.
- Payment type
- Prepaid Card
- Buyer coverage
- SE
- Payment currency
- EUR/SEK
- Refund
- Partial refund
Skrill
Skrill is commonly used for digital wallets payments in SE.
- Payment type
- Digital Wallets
- Buyer coverage
- SE
- Payment currency
- EUR/SEK
- Refund
- Partial refund
SEPA Direct Debit
SEPA Direct Debit is commonly used for bank transfer payments in SE.
- Payment type
- Bank Transfer
- Buyer coverage
- SE
- Payment currency
- EUR/SEK
- Refund
- Partial refund
Sweden
Country code
SE
Currency code
EUR/SEK
Currency unit
€ EUR / kr SEK