Swedes who used mobile payment app Swish the most for transferring money between private persons in 2020 were neither Millennial nor Gen Z. Instead, it was the age group 40 to 64 years, conducting roughly 13 million P2P payments in August 2020. This is surprising, as the source mentions that this particular age group was Swish's lowest customer base. It notes, however, that it is likely that due to the coronavirus pandemic elderly people had to stay at home. Those who already were familiar with Swish then used the app more and more to pay family and friends for any purchases they did for them. This growing use of Switsh comes bank in an overview of Sweden's most used payment methods - as the smartphone application overtook the use of cash money in 2020.
Number of Swish payments between private individuals in Sweden in 2019 and 2020, by age groups
(in million)
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The Riksbank. (October 29, 2020). Number of Swish payments between private individuals in Sweden in 2019 and 2020, by age groups (in million) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1183481/swish-p2p-payments-by-age-group/
The Riksbank. "Number of Swish payments between private individuals in Sweden in 2019 and 2020, by age groups (in million) ." Chart. October 29, 2020. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1183481/swish-p2p-payments-by-age-group/
The Riksbank. (2020). Number of Swish payments between private individuals in Sweden in 2019 and 2020, by age groups (in million) . Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1183481/swish-p2p-payments-by-age-group/
The Riksbank. "Number of Swish Payments between Private Individuals in Sweden in 2019 and 2020, by Age Groups (in Million) ." Statista, Statista Inc., 29 Oct 2020, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1183481/swish-p2p-payments-by-age-group/
The Riksbank, Number of Swish payments between private individuals in Sweden in 2019 and 2020, by age groups (in million) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1183481/swish-p2p-payments-by-age-group/ (last visited November 10, 2024)
Number of Swish payments between private individuals in Sweden in 2019 and 2020, by age groups (in million) [Graph], The Riksbank, October 29, 2020. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1183481/swish-p2p-payments-by-age-group/
