
Sono Group N.V.'s CEO Shareholder Update
Munich, Jan. 28, 2025 (GLOBE NEWSWIRE) -- The solar technology company Sono Group N.V. ( OTCQB: SEVCD) (hereafter referred to as 'Sono' or the 'Company', parent company to Sono Motors GmbH or 'Sono Motors') today issued a shareholder update from George O'Leary, Managing Director and Chief Executive Officer.
Dear Shareholders,
With 2024, behind us, I am both proud and optimistic about the strides we've made and the opportunities that lie ahead. Over the past year, Sono Group has undergone a transformative journey, focusing on strengthening relationships, innovating new solar solutions, and solidifying our position as a leader in solar mobility.
This year, our priorities included rebuilding trust with our customers, forming strategic partnerships, delivering cutting-edge solar kits, and completing key prototypes. These efforts have led to the successful launch of solutions such as our Solar Kits for trucks, vans, and refrigerated trailers, as well as new variants of our flagship Solar Bus Kit.
Transparency, compliance, and shareholder engagement have been at the forefront of our efforts, helping to establish a strong foundation for future growth. These achievements defined 2024 and fuel our optimism for the year ahead.
Key Milestones in 2024
- Strategic Partnerships: We expanded our reach through a partnership with Hofmeister & Meincke, leveraging their extensive distribution network across Germany, Austria, and 25 other countries.
- Enhanced Product Portfolio: We introduced tailored solar solutions for trucks, vans, and refrigerated trailers while advancing variants of our Solar Bus Kit. These innovations position us as a leader in solar retrofitting for commercial vehicles.
- Industry Recognition: In November 2024, Sono Group received the prestigious Lorenzo Cagnoni Award for Green Innovation at the IBE Intermobility and Bus Expo in Rimini, Italy. This award underscores our commitment to sustainable innovation in the transportation sector.
- Regulatory Milestone: Sono became the first company in Germany to receive national approval for vehicle-integrated solar technology from the German Federal Motor Transport Authority (KBA). This approval underscores the reliability, safety, and quality of our solutions, reinforcing our leadership in solar mobility.
Looking Ahead to 2025
We approach 2025 with a clear vision and ambitious objectives:
- Driving Sales Growth: We project revenue distribution as follows:
- 60% from Solar Bus Kits
- 20% from Solar Kits for trucks and vans
- 20% from Refrigeration Trailer Kits, the fastest-growing segment.
- Expanding Global Reach: By forming new partnerships and collaborations, we aim to expand our footprint in North and South America, bringing solar mobility solutions to a broader global audience.
- Nasdaq Uplisting: We remain focused on fulfilling the requirements for our Nasdaq Capital Markets uplisting. This milestone represents an exciting opportunity to enhance transparency and improve accessibility for investors. We will keep you informed as we continue to make progress and meet all the necessary criteria.
Our Vision for the Future
At Sono Group, we believe in solar on every commercial vehicle. Solar technology serves as the bridge between conventional vehicles of today and the electric vehicles of tomorrow. By harnessing the power of the sun, we are not only helping our customers reduce costs and emissions but also making transportation more sustainable.
Thank you for your continued trust and support. Together, we are shaping the future of solar mobility and creating a meaningful impact on the world.
Sincerely,
George O'Leary
Managing Director and Chief Executive Officer
Sono Group N.V.
END
ABOUT SONO GROUP N.V.
Sono Group N.V. ( OTCQB: SEVCD) and its wholly owned subsidiary Sono Motors GmbH are on a pioneering mission to accelerate the revolution of mobility by making every commercial vehicle solar. Our disruptive solar technology has been developed to enable seamless integration into all types of commercial vehicles to reduce the impact of CO2 emissions and pave the way for climate-friendly mobility. For more information about Sono Group N.V., Sono Motors, and their solar solutions, visit sonogroupnv.com and sonomotors.com.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. The words 'expect', 'anticipate', 'intend', 'plan', 'estimate', 'aim', 'forecast', 'project', 'target', 'will' and similar expressions (or their negative) identify certain of these forward-looking statements. These forward-looking statements are statements regarding the intentions, beliefs, or current expectations of the Company and Sono Motors (together, the 'companies'). Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and could cause the companies' actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties and assumptions include, but are not limited to, risks, uncertainties and assumptions with respect to: the Company's ability to uplist to the Nasdaq Capital Market, including meeting the initial listing requirements; the Company's ability to satisfy the conditions precedent set forth in its recent securities purchase agreement ('Securities Purchase Agreement') and exchange agreement ('Exchange Agreement') entered into with YA II PN, Ltd. ('Yorkville'); the timing of closing the transactions contemplated by the Securities Purchase Agreement and the Exchange Agreement; the impact of the transactions contemplated by the Exchange Agreement and Securities Purchase Agreement on the Company's operating results; the ability to access the unfunded portion of the investment from Yorkville, including our ability to successfully comply with the agreements related thereto and the absence of any termination event or any event of default; our ability to maintain relationships with creditors, suppliers, service providers, customers, employees and other third parties in light of the performance and credit risks associated with our constrained liquidity position and capital structure; our ability to comply with OTCQB continuing standards; our ability to achieve our stated goals; our strategies, plan, objectives and goals, including, among others, the successful implementation and management of the pivot of our business to exclusively retrofitting and integrating our solar technology onto third party vehicles; our ability to raise the additional funding required beyond the investment from Yorkville to further develop and commercialize our solar technology and business as well as to continue as a going concern. For additional information concerning some of the risks, uncertainties and assumptions that could affect our forward-looking statements, please refer to our filings with the U.S. Securities and Exchange Commission ('SEC'), including our Annual Report on Form 20-F, which are accessible on the SEC's website at www.sec.gov and on our website at ir.sonomotors.com. Many of these risks and uncertainties relate to factors that are beyond our ability to control or estimate precisely, such as the actions of courts, regulatory authorities and other factors. Readers should therefore not place undue reliance on these statements, particularly not in connection with any contract or investment decision. Except as required by law, the Company assumes no obligation to update any such forward-looking statements.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
8 minutes ago
- Yahoo
Green Solvents Market Research 2025-2035: Increasing Applications in Emerging Markets and Industries Driving the Market to Surpass $5.5 Billion by 2035
Growth is seen across diverse applications from paints to pharmaceuticals, though challenges like high costs and limited performance exist. Emerging sectors, regional demand in Asia-Pacific, and competitive innovations boost market potential. Explore trends and opportunities in this comprehensive report. Dublin, June 11, 2025 (GLOBE NEWSWIRE) -- The "Green Solvents Market Research Report 2025-2035" has been added to Green Solvents market accounted for USD 2.2 Billion in 2024 and is expected to reach USD 5.51 Billion by 2035, growing at a CAGR of around 8.7% between 2025 and 2035. The green solvents market is shaped by a growing global emphasis on sustainable industrial processes and environmental conservation. Industries are increasingly moving away from traditional solvents due to their toxicity and harmful environmental impact. Green solvents offer an eco-friendly alternative, helping reduce pollution and health hazards associated with volatile organic the market faces challenges such as higher production costs and the need for extensive research to improve solvent efficiency and applicability. Innovations and regulatory support are pivotal in accelerating adoption. As industries strive for greener operations, the demand for green solvents continues to gain momentum, driving steady transformation in various Government RegulationsGovernments worldwide are enforcing stringent regulations on emissions and chemical usage to protect human health and the environment. These policies limit the use of hazardous solvents, making green solvents a necessary substitute to comply with legal frameworks. Regulatory bodies often incentivize the adoption of sustainable chemicals through subsidies or tax benefits, further motivating industries to switch. Such regulatory pressures not only mitigate environmental damage but also drive innovation in solvent technologies, fostering market growth and Performance in Certain ApplicationsWhile green solvents are eco-friendly, they sometimes lack the broad spectrum of chemical properties offered by traditional solvents. This limits their use in certain industrial applications where high performance or specific chemical characteristics are crucial. In some cases, green solvents may not match the efficacy, solvency power, or stability required, leading companies to hesitate in full adoption. Overcoming this limitation requires ongoing research and development to expand the functionality and performance profile of green into Emerging IndustriesEmerging sectors like bio-based chemicals, pharmaceuticals, and advanced coatings offer promising avenues for green solvent applications. These industries are increasingly adopting sustainable practices, providing fertile ground for green solvent innovation and deployment. As these sectors grow, they present new opportunities for manufacturers to tailor green solvent products to meet specific industry needs, expanding market reach and AnalysisGreen solvents are derived from various renewable sources, including corn, sugarcane, cellulose, and vegetable oils. Bio-based alcohols and esters sourced from crops like corn and sugarcane are widely used due to their abundant availability and low toxicity. Cellulose-derived solvents are gaining traction for their compatibility with high-performance industrial processes. Vegetable oil-based solvents are increasingly preferred in cleaning and lubricant applications for their biodegradability and low environmental choice of source directly influences the solvent's cost, performance, and environmental footprint. As sustainability becomes central to procurement decisions, demand is rising for raw materials that are not only renewable but also sustainably cultivated. The market is gradually witnessing a shift towards sources that offer both environmental and economic solvents are used across a diverse range of applications including paints and coatings, adhesives, pharmaceuticals, personal care products, and industrial cleaners. In paints and coatings, they help reduce VOC emissions and enhance workplace safety. In the pharmaceutical industry, green solvents support safer synthesis and formulation processes with minimal toxic residue. The personal care sector leverages these solvents for their gentle, non-irritating properties in skincare and haircare cleaning applications benefit from their strong solvency and easy biodegradability, ensuring minimal environmental contamination. Adhesives and sealants manufacturers are also increasingly shifting toward green solvents to meet regulatory and consumer demand for non-toxic products. These varied applications demonstrate the versatility and growing integration of green solvents in both consumer and industrial AnalysisAsia-Pacific is experiencing rapid industrial growth alongside increasing regulatory focus on environmental sustainability. The region's expanding manufacturing base and rising environmental concerns create a strong demand for green solvents. Growing awareness and government initiatives to reduce pollution are fostering market development. Additionally, cost advantages and the availability of raw materials support regional production and consumption of green LandscapeThe green solvents market features a mix of global chemical manufacturers and specialized bio-based solvent producers. Leading companies emphasize innovation, sustainability, and expanding product portfolios to capture market share. Collaborations with research institutions and strategic partnerships help drive technological advancements. Companies focus on developing cost-efficient production methods and diversifying applications to meet varied customer needs. Branding efforts highlight environmental benefits and regulatory compliance to strengthen market positioning. Intense competition encourages continuous improvements, benefiting end-users with better solvent options. Key Topics Covered1. Methodology & Report Coverage1.1. Definition & Objective1.2. Market Evaluation & forecast parameter1.3. Research Methodology1.4. Data Validation Sources2. Market Overview3. Green Solvents Market: Market Dynamics3.1. Executive Summary3.2. Market Driving Factors3.2.1. Increasing environmental regulations promoting sustainable practices3.2.2. Rising demand for eco-friendly products across various industries3.2.3. Growing consumer awareness regarding harmful solvent effects3.3. Key industry pitfalls & challenges3.3.1. Higher cost compared to traditional petroleum-based solvents3.3.2. The Limited availability of some bio-based solvents in regions3.3.3. Performance issues in specific applications compared to conventional solvents3.4. Market Opportunities3.4.1. Expansion of bio-based solvent production technologies and innovations3.4.2. Rising interest in green chemistry and sustainable manufacturing3.4.3. Increasing applications in emerging markets and industries3.5. Porter's Five Forces Analysis3.6. PESTLE Analysis3.7. Regulatory landscape3.8. Investment landscape3.9. ESG Scenario3.10. Competitive landscape3.10.1. Company Market Share3.10.2. Market Positioning3.10.3. Strategy framework3.10.4. Recent Acquisitions & Mergers4. Green Solvents Market, Type Segment Analysis4.1. Overview Dynamics4.2. Bio-Alcohols4.3. Bio-Glycols4.4. Bio-Diols4.5. Lactate Esters4.6. D-Limonene4.7. Bio-Based Acetone4.8. Others 5. Green Solvents Market, Source Segment Analysis5.1. Overview5.2. Agricultural Crops5.3. Cellulose & Biomass5.4. Other Renewable Sources 6. Green Solvents Market, Application Segment Analysis6.1. Overview6.2. Paints & Coatings6.3. Adhesives & Sealants6.4. Pharmaceuticals6.5. Cosmetics & Personal Care6.6. Cleaning Products6.7. Printing Inks6.8. Food & Beverages6.9. Other Industrial Applications 7. Green Solvents Market, Region Segment Analysis7.1. Overview7.2. North America7.3. Europe7.4. Asia Pacific7.5. Latin America7.6. MEA 8. Company Profiles8.1. The Dow Chemical Company8.1.1. Business Overview8.1.2. Financial Performance8.1.3. Product/Service Offerings8.1.4. Strategies & recent developments8.1.5. SWOT Analysis8.2. Cargill, Incorporated8.3. Clariant International Ltd.8.4. Bio Brands LLC8.5. Archer Daniels Midland Company8.6. Corbion N.V.8.7. CREMER OLEO GmbH & Co. KG8.8. Vertec BioSolvents Inc.8.9. Florachem Corp.8.10. Solvay SA8.11. Stepan Company8.12. BASF SE8.13. Eastman Chemical Company8.14. GFBiochemicals8.15. Circa Group8.16. India Glycols Limited For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
8 minutes ago
- Yahoo
Spain Prepaid Card and Digital Wallet Market Intelligence Report 2025-2029 - Fintech Challengers Like Revolut and N26 Disrupt Traditional Prepaid Card Market in Spain
Spain's prepaid card and digital wallet market will grow 9.8% annually, reaching $15.14B by 2025. Fueled by e-commerce and cashless policies, it maintains a strong CAGR of 13.5% since 2020. Projected to reach $20.88B by 2029, key drivers are financial inclusion, corporate usage, and digital integration. Spanish Prepaid Card and Digital Wallet Market Dublin, June 11, 2025 (GLOBE NEWSWIRE) -- The "Spain Prepaid Card and Digital Wallet Market Intelligence and Future Growth Dynamics Databook - Q2 2025 Update" report has been added to prepaid card and digital wallet market in Spain is expected to grow by 9.8% on annual basis to reach US$ 15.14 billion in 2025. The prepaid card and digital wallet market in the country has experienced robust growth during 2020-2024, achieving a CAGR of 13.5%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 8.4% during 2025-2029. By the end of 2029, the prepaid card and digital wallet market is projected to expand from its 2024 value of US$ 13.79 billion to approximately US$ 20.88 billion. Spain's prepaid card market is undergoing rapid expansion, fueled by government policies promoting cashless transactions, the growth of e-commerce, and the increasing integration of digital payment solutions. The widespread adoption of prepaid cards in consumer and corporate segments highlights their role in enhancing financial inclusion and streamlining expense management. As financial institutions and fintech firms continue to innovate, prepaid cards are expected to play a more prominent role in Spain's evolving digital payment the next few years, the prepaid card market will likely see intensified integration with digital wallets and increased corporate usage, further strengthening its position in the financial ecosystem. As businesses and individuals seek greater convenience and security in transactions, financial service providers are expected to introduce more customized prepaid solutions. Regulatory developments and technological advancements will be key factors in shaping the market, ensuring sustained growth and wider adoption across various demographics. Several factors fuel this expansion, including the Spanish government's efforts to promote cashless transactions and financial inclusion. Digital transformation in the banking and payment sector has also played a critical role, making prepaid cards an appealing option for consumers seeking security and flexibility in their payments. Additionally, e-commerce has further increased demand for prepaid cards, particularly among users who prefer to limit their exposure to credit-based transactions. Over the next two to four years, the prepaid card market in Spain is expected to maintain its upward trajectory. Improvements in digital payment infrastructure and greater consumer confidence in cashless transactions will likely drive further adoption across various demographic groups. As more businesses and financial institutions invest in prepaid card offerings, the sector will continue to expand, reinforcing Spain's transition toward a more digitized financial ecosystem. Competitive Landscape of the Spain Prepaid Card MarketSpain's prepaid card market is set for sustained growth, driven by increasing digital payment adoption and expanding fintech participation. Traditional banks and new entrants compete to enhance service offerings, integrating prepaid cards with mobile banking and digital wallets. The ongoing regulatory adjustments will further shape the market, ensuring greater security and compliance while supporting innovation in digital payments. Over the next two to four years, competition within the prepaid card sector will intensify as more players enter the space and existing providers refine their solutions. Strategic partnerships and mergers will likely continue, driving market consolidation and improving financial services. With growing consumer reliance on digital transactions, prepaid cards are expected to become more integral to Spain's financial landscape, offering secure and flexible payment solutions for individuals and businesses. Key Players and Market Share The Spanish prepaid card market is dominated by major financial institutions, including Banco Santander, BBVA, and CaixaBank. These institutions offer a wide range of prepaid card products for both individual and corporate users. These banks continue to innovate by integrating prepaid solutions with digital banking and mobile applications. In addition to traditional financial institutions, fintech companies have been making significant inroads. Revolut and N26, for instance, offer prepaid cards as part of their broader digital banking services. Local fintech startups are also introducing innovative prepaid solutions, further intensifying competition in the Prepaid Payment Instrument Market Size and Forecast Transaction Value Trend Analysis Transaction Volume Trend Analysis Average Value per Transaction Market Share Analysis by Prepaid Card vs. Digital Wallet Spain Digital Wallet Market Size and Forecast Transaction Value Trend Analysis Transaction Volume Trend Analysis Average Value per Transaction Market Share Analysis by Key Segments Spain Digital Wallet Market Size and Forecast by Key Segments Retail Shopping (Value, Volume, Avg. Value) Travel (Value, Volume, Avg. Value) Restaurant (Value, Volume, Avg. Value) Entertainment and Gaming (Value, Volume, Avg. Value) Recharge and Bill Payment (Value, Volume, Avg. Value) Spain Digital Wallet Retail Spend Dynamics Food and Grocery - Transaction Value Health and Beauty Products - Transaction Value Apparel and Foot Wear - Transaction Value Books, Music and Video - Transaction Value Consumer Electronics - Transaction Value Pharmacy and Wellness - Transaction Value Gas Stations - Transaction Value Restaurants & Bars - Transaction Value Toys, Kids, and Baby Products - Transaction Value Services - Transaction Value Others - Transaction Value Spain Prepaid Card Industry Market Attractiveness Load Value Trend Analysis Transaction Value Trend Analysis Transaction Volume Trend Analysis Average Value per Transaction Number of Cards Market Share Analysis by Functional Attributes - Open Loop vs. Closed Loop Market Share Analysis by Prepaid Card Categories Spain Open Loop Prepaid Card Future Growth Dynamics Transaction Value Trend Analysis Transaction Volume Trend Analysis Average Value per Transaction Number of Cards Spain Closed Loop Prepaid Card Future Growth Dynamics Transaction Value Trend Analysis Transaction Volume Trend Analysis Average Value per Transaction Number of Cards Spain Prepaid Card Consumer Usage Trends By Age Group By Income Group By Gender Spain Prepaid Card Retail Spend Dynamics Food and Grocery - Transaction Value Health and Beauty Products - Transaction Value Apparel and Foot Wear - Transaction Value Books, Music and Video - Transaction Value Consumer Electronics - Transaction Value Pharmacy and Wellness - Transaction Value Gas Stations - Transaction Value Restaurants & Bars - Transaction Value Toys, Kids, and Baby Products - Transaction Value Services - Transaction Value Others - Transaction Value Spain General Purpose Prepaid Card Market Size and ForecastSpain Gift Card Market Size and ForecastGift Card Market Size and Forecast by Functional Attribute By Open Loop Gift Card By Closed Loop Gift Card Gift Card Market Size and Forecast by Consumer Segments By Retail Consumer Segment By Corporate Consumer Segment Gift Card Market Share Analysis by Retail Categories Gift Card Market Share Analysis by Gifting Occasion Gift Card Market Share Analysis by Purchase Location Spain Entertainment and Gaming Prepaid Card Market Size and ForecastSpain Teen and Campus Prepaid Card Market Size and ForecastTeen and Campus Prepaid Card Market Size and Forecast by Functional Attribute By Open Loop Teen and Campus Prepaid Card By Closed Loop Teen and Campus Prepaid Card Spain Business and Administrative Expense Prepaid Card Market Size and ForecastBusiness and Administrative Expense Prepaid Card Market Size and Forecast by Consumer Segments By Small Scale Business Segment By Mid-Tier Business Segment By Enterprise Business Segment By Government Segment Spain Payroll Prepaid Card Market Size and ForecastPayroll Prepaid Card Market Size and Forecast by Consumer Segments By Small Scale Business Segment By Mid-Tier Business Segment By Enterprise Business Segment By Government Segment Spain Meal Prepaid Card Market Size and ForecastMeal Prepaid Card Market Size and Forecast by Consumer Segments By Small Scale Business Segment By Mid-Tier Business Segment By Enterprise Business Segment By Government Segment Spain Travel Forex Prepaid Card Market Size and ForecastTravel Forex Prepaid Card Market Size and Forecast by Consumer Segments By Retail By Small Scale Business Segment By Mid-Tier Business Segment By Enterprise Business Segment By Government Segment Spain Transit and Tolls Prepaid Card Market Size and ForecastSpain Social Security and Other Government Benefit Programs Prepaid Card Market Size and ForecastSpain Fuel Prepaid Cards Market Size and ForecastSpain Utilities, and Other Prepaid Cards Market Size and ForecastSpain Virtual Prepaid Card Industry Market Attractiveness Transaction Value Trend Analysis Transaction Volume Trend Analysis Average Value per Transaction Market Share Analysis by Key Virtual Prepaid Card Categories Spain Virtual Prepaid Card Market Size by Key Categories General Purpose Prepaid Card - Transaction Value Gift Card - Transaction Value Entertainment and Gaming Prepaid Card - Transaction Value Teen and Campus Prepaid Card - Transaction Value Business and Administrative Expense Prepaid Card - Transaction Value Payroll Prepaid Card - Transaction Value Meal Prepaid Card - Transaction Value Travel Forex Prepaid Card - Transaction Value Transit and Tolls Prepaid Card - Transaction Value Social Security and Other Government Benefit Programs Prepaid Card - Transaction Value Fuel Prepaid Cards - Transaction Value Utilities, and Other Prepaid Cards - Transaction Value Key Attributes: Report Attribute Details No. of Pages 159 Forecast Period 2025 - 2029 Estimated Market Value (USD) in 2025 $15.14 Billion Forecasted Market Value (USD) by 2029 $20.88 Billion Compound Annual Growth Rate 8.4% Regions Covered Spain For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Spanish Prepaid Card and Digital Wallet Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Yahoo
12 minutes ago
- Yahoo
Sweden Prepaid Card and Digital Wallet Market Intelligence Report 2025: Transaction Value, Volume, and Consumer Trends Across Multiple Segments 2020-2029
Sweden's prepaid card and digital wallet market is projected to grow at a CAGR of 8.5% from 2025-2029, reaching USD 9.96 billion by 2029. The market, which has expanded robustly since 2020, is analyzed in a detailed report providing data on . Swedish Prepaid Card and Digital Wallet Market Dublin, June 11, 2025 (GLOBE NEWSWIRE) -- The "Sweden Prepaid Card and Digital Wallet Market Intelligence and Future Growth Dynamics Databook - Q2 2025 Update" report has been added to prepaid card and digital wallet market in Sweden is expected to grow by 9.9% on annual basis to reach US$ 7.17 billion in 2025. The prepaid card and digital wallet market in the country has experienced robust growth during 2020-2024, achieving a CAGR of 13.6%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 8.5% during 2025-2029. By the end of 2029, the prepaid card and digital wallet market is projected to expand from its 2024 value of US$ 6.52 billion to approximately US$ 9.96 report provides a detailed data-centric analysis of the prepaid card and digital wallet industry in Sweden, covering market opportunities and analysis across a range of prepaid card and digital wallet domains. With over 80+ KPIs at the country level, this report provides a comprehensive understanding of prepaid card and digital wallet market dynamics, market size and forecast, and market share Card Market Analysis Metrics Assessed: The study examines the prepaid card market through various lenses, including transaction value, transaction volume, average transaction value, load value, and the total number of cards in circulation. Card Types: A distinction is made between open-loop and closed-loop prepaid cards, providing insights into their respective market shares and growth trajectories. Usage Categories: The report segments the prepaid card market into various categories such as general-purpose cards, business and administrative expense cards, travel forex cards, and meal cards. Business Segmentation: Further segmentation is provided based on business size and type, including small-scale businesses, mid-tier businesses, enterprise-level businesses, government entities, and retail consumers. Sector-Specific Applications: The analysis extends to specific sectors utilizing prepaid cards, including transit and toll payments, healthcare and wellness services, social security and other government benefit programs, fuel purchases, utilities, and more. Digital Wallet Market Insights Key Segments: The digital wallet market is dissected across five primary spending categories: retail shopping, travel, entertainment and gaming, dining establishments, and recharge and bill payments. Performance Metrics: For each segment, the report evaluates transaction value, transaction volume, and average transaction value, offering a granular view of consumer spending behaviors. Retail Spend Breakdown: An in-depth analysis is provided for retail spending via digital wallets, covering categories such as food and grocery, health and beauty products, apparel and footwear, books, music and video, consumer electronics, pharmacy and wellness, gas stations, restaurants and bars, toys, kids and baby products, services, and other miscellaneous categories. Virtual Prepaid Card Market Segmentation Categories Analyzed: The virtual prepaid card market is segmented into key categories, including general-purpose cards, gift cards, entertainment and gaming cards, teen and campus cards, business and administrative expense cards, payroll cards, meal cards, travel forex cards, transit and toll cards, social security and other government benefit program cards, fuel cards, utilities, and other miscellaneous categories. Performance Evaluation: For each category, the report assesses transaction value, providing insights into the adoption and usage patterns of virtual prepaid cards across different consumer segments. Consumer Usage Trends Age Groups: Identifying usage patterns across different age demographics. Income Levels: Analyzing how income brackets influence prepaid card adoption and usage. Gender: Examining differences in usage trends between genders. Key Attributes: Report Attribute Details No. of Pages 159 Forecast Period 2025 - 2029 Estimated Market Value (USD) in 2025 $7.17 Billion Forecasted Market Value (USD) by 2029 $9.96 Billion Compound Annual Growth Rate 8.5% Regions Covered Sweden ScopeSweden Prepaid Payment Instrument Market Size and Forecast Transaction Value Trend Analysis Transaction Volume Trend Analysis Average Value per Transaction Market Share Analysis by Prepaid Card vs. Digital Wallet Sweden Digital Wallet Market Size and Forecast Transaction Value Trend Analysis Transaction Volume Trend Analysis Average Value per Transaction Market Share Analysis by Key Segments Sweden Digital Wallet Market Size and Forecast by Key Segments Retail Shopping (Value, Volume, Avg. Value) Travel (Value, Volume, Avg. Value) Restaurant (Value, Volume, Avg. Value) Entertainment and Gaming (Value, Volume, Avg. Value) Recharge and Bill Payment (Value, Volume, Avg. Value) Sweden Digital Wallet Retail Spend Dynamics Food and Grocery - Transaction Value Health and Beauty Products - Transaction Value Apparel and Foot Wear - Transaction Value Books, Music and Video - Transaction Value Consumer Electronics - Transaction Value Pharmacy and Wellness - Transaction Value Gas Stations - Transaction Value Restaurants & Bars - Transaction Value Toys, Kids, and Baby Products - Transaction Value Services - Transaction Value Others - Transaction Value Sweden Prepaid Card Industry Market Attractiveness Load Value Trend Analysis Transaction Value Trend Analysis Transaction Volume Trend Analysis Average Value per Transaction Number of Cards Market Share Analysis by Functional Attributes - Open Loop vs. Closed Loop Market Share Analysis by Prepaid Card Categories Sweden Open Loop Prepaid Card Future Growth Dynamics Transaction Value Trend Analysis Transaction Volume Trend Analysis Average Value per Transaction Number of Cards Sweden Closed Loop Prepaid Card Future Growth Dynamics Transaction Value Trend Analysis Transaction Volume Trend Analysis Average Value per Transaction Number of Cards Sweden Prepaid Card Consumer Usage Trends By Age Group By Income Group By Gender Sweden Prepaid Card Retail Spend Dynamics Food and Grocery - Transaction Value Health and Beauty Products - Transaction Value Apparel and Foot Wear - Transaction Value Books, Music and Video - Transaction Value Consumer Electronics - Transaction Value Pharmacy and Wellness - Transaction Value Gas Stations - Transaction Value Restaurants & Bars - Transaction Value Toys, Kids, and Baby Products - Transaction Value Services - Transaction Value Others - Transaction Value Sweden General Purpose Prepaid Card Market Size and ForecastSweden Gift Card Market Size and ForecastGift Card Market Size and Forecast by Functional Attribute By Open Loop Gift Card By Closed Loop Gift Card Gift Card Market Size and Forecast by Consumer Segments By Retail Consumer Segment By Corporate Consumer Segment Gift Card Market Share Analysis by Retail Categories Gift Card Market Share Analysis by Gifting Occasion Gift Card Market Share Analysis by Purchase Location Sweden Entertainment and Gaming Prepaid Card Market Size and ForecastSweden Teen and Campus Prepaid Card Market Size and ForecastTeen and Campus Prepaid Card Market Size and Forecast by Functional Attribute By Open Loop Teen and Campus Prepaid Card By Closed Loop Teen and Campus Prepaid Card Sweden Business and Administrative Expense Prepaid Card Market Size and ForecastBusiness and Administrative Expense Prepaid Card Market Size and Forecast by Consumer Segments By Small Scale Business Segment By Mid-Tier Business Segment By Enterprise Business Segment By Government Segment Sweden Payroll Prepaid Card Market Size and ForecastPayroll Prepaid Card Market Size and Forecast by Consumer Segments By Small Scale Business Segment By Mid-Tier Business Segment By Enterprise Business Segment By Government Segment Sweden Meal Prepaid Card Market Size and ForecastMeal Prepaid Card Market Size and Forecast by Consumer Segments By Small Scale Business Segment By Mid-Tier Business Segment By Enterprise Business Segment By Government Segment Sweden Travel Forex Prepaid Card Market Size and ForecastTravel Forex Prepaid Card Market Size and Forecast by Consumer Segments By Retail By Small Scale Business Segment By Mid-Tier Business Segment By Enterprise Business Segment By Government Segment Sweden Transit and Tolls Prepaid Card Market Size and ForecastSweden Social Security and Other Government Benefit Programs Prepaid Card Market Size and ForecastSweden Fuel Prepaid Cards Market Size and ForecastSweden Utilities, and Other Prepaid Cards Market Size and ForecastSweden Virtual Prepaid Card Industry Market Attractiveness Transaction Value Trend Analysis Transaction Volume Trend Analysis Average Value per Transaction Market Share Analysis by Key Virtual Prepaid Card Categories Sweden Virtual Prepaid Card Market Size by Key Categories General Purpose Prepaid Card - Transaction Value Gift Card - Transaction Value Entertainment and Gaming Prepaid Card - Transaction Value Teen and Campus Prepaid Card - Transaction Value Business and Administrative Expense Prepaid Card - Transaction Value Payroll Prepaid Card - Transaction Value Meal Prepaid Card - Transaction Value Travel Forex Prepaid Card - Transaction Value Transit and Tolls Prepaid Card - Transaction Value Social Security and Other Government Benefit Programs Prepaid Card - Transaction Value Fuel Prepaid Cards - Transaction Value Utilities, and Other Prepaid Cards - Transaction Value For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Swedish Prepaid Card and Digital Wallet Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data