How to Send Money to Sweden

ABBA! IKEA! Spotify! Oh and delicious Swedish meatballs! Sweden has this heart-warming imaginary construct in the eyes of outsiders. Unlike its distant Scandinavian neighbors, Sweden has always been considered friendly, joyful, and charming for newcomers. It may surprise you to learn that the country is one of the largest in the European Union, with a population of 10 million residents only. Being on northerly latitude, the weather swings from one end of the daylight spectrum to the other in a year’s time. In addition to this peculiar but enchanting climate, Swedish winter greets you with magnificent Aurora Borealis. A unique experience taking place on most bucket lists. 

Being the coolest (literally), Sweden has plenty more to offer than dynamic pop music, artistic design work, and good food. Holding the title of the sixteenth-richest country in the world in terms of GDP (Gross-Domestic-Product) per capita, Swedes experience a high standard of living. Furthermore, Sweden has the eleventh highest per capita income in the world and ranks highest in health, education, income equality, gender equality, prosperity, protection of civil liberties, human development, and economic competitiveness. A country we all would like to reside in. It is not surprising that this dreamland is on the radar of all immigrants around the globe. 

In a nutshell, the economical position of Sweden can be defined by an increasingly knowledge-intensive, export-oriented manufacturing sector and by international standards, a large public service sector in international standards. The biggest share in manufacturing is taken by high and medium-high technology for 11%. Despite Western countries, a remarkable majority of Sweden’s industry has been controlled privately. Moreover, as a part of the Schengen Area and the EU single market, Sweden trades largely with Denmark, Finland, Norway, Germany, the United States, and the United Kingdom. Therefore, naturally, most of the online money transfers to Sweden are sourced from these high-developed countries.

Most Popular Payment Methods in Sweden 

Although it is the land of open-minded and scientific people, somehow Swedes are quite conservative when the subject comes to traditional financial assets. In September 2003, people chose to keep their fiat currency, the Swedish krona (SEK), as a result of the referendum held. This approach is also reflected in Sweden money transfers. As it was written in the latest JPMorgan report, credit/ debit cards like Visa and Mastercard are still the most popular payment options online with 38% of the total sales pie. The second one is purchases being completed on mobile devices. Undoubtedly, one of the most known mobile payment solutions is Swish which became the most preferred payment method online among 18–40-year-olds. Clearly, when it is time to transfer money to Sweden, the sender must seriously consider a Swish account as a recipient

Hej Sverige! 

Jeton Wallets salutes all Svenskars ! We are more than happy to announce to you that our comprehensive and seamless digital wallet services are now available for the residents of the Kingdom of Sweden Konungariket Sverige! No matter whether you want to send money to Sweden internationally or create domestic money transfers inside Sweden, we are here to assist you smoothly! Through our tailor-made solution for both individuals and businesses, we will carry your online payment experience further! 

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