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Pay by Bank (SE)
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)
LPM Market Share
n/a
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.
