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Sweden
Top e-commerce industries
24%
Electronics
Hobby & Leisure
18.3%
Fashion
Furniture & Homeware
Care Products
DIY
Grocery
Stockholm
Capital
5.6M
Population
GMT+1
Time Zone (GMT)
SEK
Currency
Swedish krona
$179.8B
Transactions
value in 2030
18.7%
CAGR
of Digital Payments
during 2025-2030
during 2025-2030
Popularity of e-commerce payment methods
Extend your reach
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Pay by Bank is a leading payment method in Sweden due to the ubiquity of A2A platforms, security, instant settlement, and cost efficiency, with user penetration approaching 80–95%.
Method
Pay by Bank (SE)
Pay by Bank (SE)
LPM Market Share
30%
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Bank Transfer
Local Card Scheme
Users
n/a
Disbursements
No
No
Chargebacks
No
Authorization currency
SEK
Authorization
speed
speed
Instant
Recurring
N/A
N/A
Reasons for Popularity
Instant settlement, features like Strong Customer Authentication (SCA), wide digital identity coverage (e.g., BankID), seamless UX, Swish integration.
