PROSPECTS AND OPPORTUNITIES
Sole focus on commercial clients will continue
Charge cards is expected to remain focused on commercial cards in the upcoming period. It would be a major surprise if companies returned to servicing end consumers, due to the strong competition from credit cards and increasing reliance on BNPL.
Commercial clients attracted by benefits
Commercial clients will continue to be attracted by charge cards for the special perks offered. Many businesses prefer cards where the purchases are not paid immediately, such as with commercial debit cards, but where an invoice is monthly as with charge cards.
Higher average spend and foreign transactions in charge cards
As charge cards are likely to remain purely for commercial use in the forecast period, the share of foreign spend on such cards is likely to be higher than on debit or credit cards. At the end of the review period, an estimated 20% of all charge card spend was on foreign goods and services.
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Overview:
Understand the latest market trends and future growth opportunities for the Charge Card Transactions industry in Sweden with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Charge Card Transactions industry in Sweden, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Charge Card Transactions in Sweden report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Charge Card Transactions in Sweden?
- What are the major trends key to understanding Charge Card Transactions in Sweden?
- How has COVID-19, recession and macroeconomic volatility impacted the market?
- How long will the market take to recover? What are the opportunities now?
- How will political context and shifting cultural values shape future growth?
- Where is future growth expected to be most dynamic?
Charge Cards in Sweden - Category analysis
Charge Cards in Sweden - Company Profile
KEY DATA FINDINGS
Charge card niche becomes further marginalised
Charge cards have few advantages over other cards
American Express leads in charge cards
Sole focus on commercial clients will continue
Commercial clients attracted by benefits
Higher average spend and foreign transactions in charge cards
Credit Cards in Sweden - Category analysis
Credit Cards in Sweden - Company Profile
KEY DATA FINDINGS
Credit cards report robust transaction growth
Challenges exist as credit card numbers and accounts decline
Large Nordic banks lead in credit cards
Credit cards face underlying challenges
Little change in the competitive landscape
No major innovations are anticipated
Debit Cards in Sweden - Category analysis
Debit Cards in Sweden - Company Profile
KEY DATA FINDINGS
Debit cards remain a firm favourite among Swedes
High propensity to spend on debit cards
Major Nordic banks dominate in debit cards
Further growth is expected for debit cards
Mobile wallets to increase in popularity
No major changes expected in the banking landscape
Pre-Paid Cards in Sweden - Category analysis
Pre-Paid Cards in Sweden - Company Profile
KEY DATA FINDINGS
Pre-paid cards post robust value growth
Dynamic growth witnessed by open loop pre-paid cards
Closed loop pre-paid cards lose traction
Open loop is main driver of overall category growth
Alternative fintech companies to support category growth
Gift cards face competition from apps
Store Cards in Sweden - Category analysis
Store Cards in Sweden - Company Profile
KEY DATA FINDINGS
Negative performance in store cards continues in 2024
Low usage with many owners simply not using their accounts
Consolidation in the competitive landscape amid withdrawals
Store cards to lose further traction
Further withdrawals are anticipated in the competitive landscape
Other payment solutions are more appealing
Financial Cards and Payments in Sweden - Industry Overview
Financial cards and payments in 2024: The big picture
2024 key trends
Cash to remain a niche form of payment
Competitive landscape
What next for financial cards and payments?
DISCLAIMER
The following categories and subcategories are included:
Charge Card Transactions
- Commercial Charge Card Transactions
- Personal Charge Card Transactions
Charge Card Transactions
A charge card (sometimes referred to as a Travel and Entertainment card) shares the “pay later” component with credit cards. However, charge card balances normally have to be paid off monthly and do not attract interest charges. Charge cards typically possess high (or even no) pre-set spending limits and may carry a high annual fee. Payments are tracked based on the country of residence / account issuance and include outbound spend while excluding inbound spend.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Charge Card Transactions research and analysis database.
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