Payments Report 2022 (Sveriges Riksbank)

Summary

• In the 2022 survey, 34 per cent of respondents stated they paid with cash in the past month, down from 50 per cent in spring 2020.p.7
• More than 80 per cent of respondents used Swish in the last month in 2022, compared to 52 per cent in 2016.p.7
• Private Swish users passed 8 million in 2022, with 95 per cent of individuals aged 15–65 having downloaded the app.p.12
• Over-the-counter cash withdrawal bank branches fell from 660 in 2017 to 134 Savings bank branches in 2022.p.20

Key insights

1. Digital payment habits boosted during the pandemic persist in Sweden as cash usage continues its long-term decline.p.6
2. The invasion of Ukraine prompted Swedish households to withdraw extra cash for contingency purposes.p.16
3. Under the new Sveriges Riksbank Act entering into force in January 2023, the Riksbank will operate at least five banknote depots.p.44
4. The Riksbank continues preparations and technical pilot testing for a potential e-krona central bank digital currency.p.47