Welcome to Klarna’s Shopping Pulse!

2 years into the pandemic, digital transformation has accelerated, and shoppers have turned online more than ever before. Many retailers have pivoted to evolve their online presence to meet new shopper expectations online. But does this mean physical stores are irrelevant? Not at all. Our research shows physical stores still play an essential role for shoppers. That said, many people anticipate they will shop online even more often in the future.

In this report, you’ll find a pulse check on shopping habits worldwide.

Happy exploring!


Insights from Klarna’s consumer research, conducted in cooperation with Nepa across 13 countries (the US, UK, Ireland, Australia, Germany, Austria, the Netherlands, Belgium, France, Sweden, Norway, Denmark and Finland). The research is conducted quarterly and always includes a minimum of 1,000 respondents in each country. In total, 13,510 consumers participated during Q3 2022 (July-September). The sample sizes are nationally representative, naturally including both Klarna users and non-Klarna users, and have been selected by research agency Nepa.

13 countries

13,510 consumers

150m consumers

400,000 retailers

Online shopping data.
Insights from Klarna’s shopping data. Klarna serves more than 150 million consumers and 400,000 retailers.

Digital transformation in retail.

Online shopping has accelerated amid the pandemic. And there are no signs of the digital transformation slowing down. Shoppers’ preferences for online shopping continue to increase despite restrictions lifting in physical stores worldwide.

Online shopping is on the rise.

Shoppers globally are growing increasingly fond of online shopping. Not surprisingly, many retailers have stepped up their digital offerings during the pandemic. Younger generations prefer the online shopping experience while their older peers are trending in the same direction as they grow increasingly tech-savvy.

Online shopping

is preferred over physical stores by the majority in the UK.

Rapid growth

the fastest increasing preference (YoY) for online shopping is found in Germany and the US.

Where shoppers would do most of their shopping if they could choose freely.

The charts below show how shoppers in each country would choose split their shopping between online and in-store. The remaining population has a neutral preference.

Attitudes towards online and physical stores.

Shoppers’ choice heavily depends on whether they are looking to save time and money—or whether they are looking for better social interaction and customer service.

Younger generations think they get better social interaction online to a higher extent. This correlates with being more likely to purchase items seen on social media and attend live shopping events.

Saving time & money

are the 2 main perceived benefits of online shopping.

Better social interaction & service

are the 2 main perceived benefits of in-store shopping.

Physical stores are still the norm for shoppers.

Consumers are still shopping in physical stores more frequently than they are shopping online despite the growing preference for online shopping.

The charts below show the percentage of shoppers in each market who have shopped online and in physical stores respectively at least once a week.

Some categories appear more available online than others.

While some retail categories are shopped more often online, physical stores still see certain product types are bought more often in person. The biggest differences are found across some of the most commonly bought categories, indicating an opportunity for disruption, as online shopping’s main drivers are convenience and the ability to save time.

The charts below show the average percentage of shoppers in each market who have shopped the category online and in physical stores respectively.

Groceries and Pharmaceuticals

are 2 of the most frequently shopped categories in physical stores. The only exception is found in Sweden, where Pharmaceutical products are bought online roughly as often as offline.

Clothing & Shoes

one of the most frequently bought categories, is shopped about as often online as in physical stores in most countries. Younger generations are more likely to have shopped this category more often online than in physical stores across almost all countries.

Traditional offline categories ripe for disruption.

Online shopping means people can access offers from all over the world, regardless of whether they are in a major city or the countryside. Still, some products appear more available than others.

The chart illustrates consumers’ mindset with regards to the extent they prefer to shop online and in physical stores.


is the most preferred category to shop in physical stores across all countries and has its highest online shopping preference in the UK, with the US not far behind.

Digital disruption

Groceries, Pharmaceutical products, and Home & Garden, which are the most preferred categories to shop in physical stores, have had the biggest increase in online shopping preference.

Technology investments are a must.

Today’s shoppers are looking for innovative solutions that give them a better shopping experience. These are the main focus areas for online and physical stores according to shoppers themselves.

Frictionless payments

is the most wanted improvement across all countries—both online and in-store.

Personalized service and product recommendations

are next on the wishlist, followed by seamless transition between online and physical stores.

Virtual and augmented reality (VR/AR)

is more anticipated for online shopping in the wider population—but US Gen Z’ers stand out by expecting investments to the same extent in physical stores.

Online shopping habits.

Online shopping has evolved into an integral part of retail; it has become a natural part of the everyday life of consumers. Data from Klarna shows when and where shoppers all over the world shop and how their favorite products shift across regions.

The online shopping map.

Select a country in the list below to see where people shop the most online per capita, where online shopping is growing the fastest, and how the most commonly bought products shift across regions. The data is from July 1 – September 30, 2022.

The index for “Favourite Products” is calculated in relation to the national average, and does not necessarily reflect the products that are most often bought overall—but most often in comparison with other regions in the same country.

An average online shopping day.

The most prominent perk of shopping online is how it can be done any time, from any corner of the world. It can be both a time saver and a convenient way of getting access to products not in stock in your local physical store. Most online purchases take place late in the evening, often in the comfort of shoppers’ own homes.

The chart below illustrates how purchases are distributed during an average day. The data is from July 1 – September 30, 2022.


are the most popular time to buy for older generations. It is also the peak hours for desktop computers.


are the most popular time to shop online in most countries. And this is when mobile shopping increases the most.

Night time

means that the share of mobile phones increase further and that consumers to a higher extent opt for payments methods that don’t require them to type in physical card credentials.

An average online shopping week.

While the way shoppers distribute the purchases during the day is universal, the most common day to shop varies much more clearly across countries.

The chart below illustrates how purchases are distributed during an average week. The data is from July 1 – September 30, 2022.

The pandemic outbreak

immediately caused a shift in consumption patterns all over the world, temporarily making the share of purchases during weekdays. This effect was short lived, and the shopping patterns soon returned to normal with most purchases taking place late evenings.


are the preferred days to shop in the Nordics and DACH.

Evolving payment preferences.

Payments are a fundamental part of the shopping experience that continues to evolve with emerging preferences driven by technological innovation.

The rise of Buy Now, Pay Later.

Shoppers all over the world are turning to Buy Now, Pay Later to an increasingly higher extent. In fact, there are only two countries in which shoppers prefer credit cards over Buy Now, Pay Later.

According to the consumers themselves, the main reasons for choosing Buy Now, Pay Later over credit cards are to avoid having an open line of credit and save money, since it’s cheaper compared to credit cards that charge additional fees and interest.

12 out of 13

the preference for Buy Now, Pay Later is higher than credit cards in eleven out of thirteen countries. The only country in which most shoppers would opt for a credit card over BNPL is Denmark.

Try before you buy.

The majority of shoppers are more positive towards online retailers that allow them to receive the goods before they pay. No physical store would require shoppers to deposit a payment before they touch, feel and try the goods, and only reimburse their shoppers a few bank days later if they didn’t end up buying it. With that in mind, it’s not surprising that shoppers turn to retailers that bridge that gap in the online shopping experience—and enable them to turn their sitting rooms into fitting rooms.

Sustainability minded shoppers.

A significant share of shoppers are looking for brands and retailers to act in a more sustainable way. Adhering to this calling can boost businesses from compliance to competitive advantage.

Sustainability minded shoppers actively seek out brands and retailers that share their values.

The importance for brands and retailers to act in an environmentally sustainable way is deemed as important across generations. Younger generations more often take the environmental impact of delivery options into consideration when shopping online, and seek out brands that are ethical and sustainable to a higher extent.

1 in 3

consider it important that brands act in an environmentally sustainable way.

1 in 5

actively seek out brands that are ethical and sustainable.

Top priorities.

The majority of shoppers that take environmental impact into consideration are looking for information that help guide their purchase decision, including both environmental and social impact of the business.


want retailers to promote fair labor conditions, use recycled or sustainable material in production and actively combat climate change by reducing carbon emissions.

Transparency is key.

The majority of shoppers that take environmental impact into consideration are looking for information that helps guide their purchase decision. They want more information at product level, about how it was made and the potential environmental and social impacts.


are looking for ways to track their carbon footprint while shopping.

Social shopping on the rise.

Social media and online live shopping events drive increased engagement, discovery, and more informed purchasing decisions—particularly among younger generations.

Digitalization of shopping.

The shopping discovery path is shaped in different patterns across countries and generations but one common unifying factor is the tendency to rely on digital channels to an increasing extent.

Followers become buyers.

On average, 35% of shoppers have purchased a product after seeing it on social media. And about half of them did it directly from the platform.

Social channels to shopping discovery.

After discovering it on social media, purchasing a product is becoming common in all consumer groups—and especially among younger generations.


have a bigger impact than retailers on Gen Z, and the opposite is true for older generations.


have a higher impact than influencers in most countries. France and the Netherlands being the only exceptions.


have the highest biggest following in all countries.

Social media climbers.

Social media has made it easier than ever to discover new trends and items. Shoppers find both inspiration—and shopping opportunities.


is more popular than Facebook for Gen Z in every country.


is together with Facebook the most popular platform for Millennials in every country.


is the overall most popular platform for Gen X’ers and Baby Boomers.

Taking the shopping experience to the next level.

Shoppers are looking for innovative online shopping experiences, and are keen to engage with new types of experiences such as livestream shopping.

1 in 4

Gen Z’ers have participated in a live shopping event.

Benefits of livestream shopping.

The modern online version of teleshopping invites shoppers to engage with their favorite influencers to get inspiration and get access to exclusive discounts.

Inspiration, ideas & access to exclusive discount

is the main perceived benefits on a global average. But the sentiment varies across countries, from real-time engagement in the US to access to exclusive discounts in Germany and France, and more informed purchase decisions in the Netherlands.

Innovative formats

like augmented/virtual reality appeal the most to Millennials and Gen Z’ers.

Mobile shopping online and in-store.

As smartphones and tablets continue to take screen time from computers, mobile devices are expected to play a central role in the continued digitalization of retail.

Mobile shopping on the rise.

While most shoppers still prefer traditional desktops or laptops when shopping online, the preference for mobile devices is rising in the countries with the lowest preference at the beginning of the year.

Increasing mobile preference

all countries that have had a recorded preference below 30% in 2021 have shown a clear trend for increasing mobile preference at the expense of computers. France is the only country that currently has a mobile shopping preference lower than 30%.

Majority of mobile shoppers

the US, UK, Ireland, Australia have a majority of shoppers with higher preference for mobile devices than computers.

The in-store shopping journey begins online.

Online research, also called “webrooming,” plays an important role throughout the in-store shopping journey. The majority of modern day trips to the mall start online.

The chart below illustrates the percentage of in-store shoppers who usually research online before shopping in physical stores.

Online pre-search

is most prevalent for Clothing & Shoes, and Electronics.


stands out as the category researched by at least 8 out of 10 shoppers, across all generations.

Online research is part of the in-store shopping experience.

Smartphones have become ubiquitous for shoppers while they’re in a store. Similar to online, in-store shoppers are also making comparisons for competitive prices and offers, and checking product reviews and testimonials to make sure they’ve found the right product.

The chart below illustrates the share of in-store shoppers who say they use their smartphones to research products when shopping in physical stores.

The most frequent in-store researchers

are found in Australia, Sweden and the US.

Young shoppers

are using their phone in-store more often. Finland is the most prominent example, where this behavior is found with 92% of Gen Z’ers while only 42% of Baby Boomers do the same.

A year from now.

Over the past 2 decades, online shopping has pivoted from something for early adopters and enthusiasts into the preferred way to shop for people all over the world. Technological innovation will continue to marvel and excite, retailers will continue to improve their digital offering, and the digitalization of retail will continue to shape the future of shopping.

Predictions for the future.

There’s still a general belief that the majority of shopping will be done in physical stores in a year’s time—but preferences are quickly shifting.

This chart illustrates the share of shoppers believing they will make the majority of their shopping online or in physical stores respectively.

And that’s that.

Klarna’s Shopping Pulse insights are updated quarterly, so stay tuned for future updates.

Thirsty for more knowledge?

Make sure to check out the other reports available at Klarna Insights.

Welcome to Klarna’s Money Management Pulse!

Technology has changed the way people manage their everyday personal finances. Checking your account balance is no longer a chore, and payments happen in the blink of an eye without any physical cash transactions. Yet some habits remain, and preferences shift heavily across generations and the globe.

In this report, you will find a pulse check on money management habits in a selection of countries around the world.

Happy exploring!


Insights from Klarna’s consumer research, conducted in cooperation with Nepa across 13 countries (the US, UK, Ireland, Australia, Germany, Austria, the Netherlands, Belgium, France, Sweden, Norway, Finland and Denmark). The research is conducted quarterly and always includes a minimum of 1,000 respondents in each country.

In total, 13,510 consumers participated during Q3 2022 (July-September). The sample sizes are nationally representative, naturally including both Klarna users and non-Klarna users, and have been selected by research agency Nepa.

13 countries

13,510 consumers

High interest in personal finances.

It’s a pattern seen across generations. However, Millennials express the highest interest—which correlates with their frequent interactions with financial providers.

Gender has a bigger impact than age.

Although interest in personal finances is consistent across generations, men are generally more interested in personal finance.


have the highest overall interest in personal finances compared to younger and older generations.


has a bigger impact than age. Men express a higher interest in personal finances than women, and the gap is highest in the US and Sweden. The only countries where women express a higher interest than men are the UK, Austria, Finland and Norway—of which the latter two also are the countries with the highest overall interest.

Cash is no longer king.

Our increasingly digitized society also means preferences for payments in physical stores are evolving. In fact, only 2 out of the 13 countries covered in this report have a population preferring cash.

Innovation introduces new habits.

Gen Z’ers preference for digital devices like smartphones and smartwatches means neither hard cash or physical cards have a natural place in their pockets anymore. And with smartwatches on the rise, and biometrics on the horizon, much is likely to change in this space in the near future.

Physical cards growing old

the generations preference for physical cards grows bigger with age, while the preference for cash splits relatively evenly in comparison.

Digital overtaking cash

there is a distinct generational differentiation is between physical cards and digital devices like smartphones and smartwatches. Gen Z have a higher preference for paying with smartphones or smartwatches than with cash in all countries.

Contrasting payment preferences across countries.

The difference in payment preferences gets even clearer when the countries are placed next to each other in the index.

Cash remains royal in DACH

Germany and Austria stand out with a high preference for cash compared to the other countries. On the other side of the coin, consumers in Nordic countries seldom use cash and prefer physical payment cards to a much higher extent.

Cash in pocket.

How thick a shoppers’ wallet is varies across countries, while the average global wallet becomes increasingly thinner due to the rising popularity of digital payments.

$96 is the average amount of cash in Americans’ wallets, the most out of any country. That’s 28% above the global average and twice the amount found in Norwegian and Swedish wallets, who have the least cash.

Cash withdrawals.

Until alternative payment methods become universal, cash will still be relevant. And there will be a need to access funds before payment can be made.

Cash withdrawals are naturally more frequent in countries with a higher preference for cash. Still, they don’t scale with preferences—which may indicate unplanned withdrawals for consumers who would have preferred to pay otherwise.

Younger generations tend to withdraw cash more often despite preferring to pay with digital devices, indicating that availability is not meeting the demands.


the average American withdraws cash more than 3 times as often as the average Swede.

Digitalization is changing the way people bank.

All over the world, well-established banks are closing down their physical banking locations as consumers increasingly interact with their funds digitally. At the same time, neo-banks are challenging incumbents with a digital-first approach for specific banking services.

Mobile banking on the rise.

New and innovative mobile apps are offered by both the established banks and the challengers. Meanwhile, consumers have become increasingly tech-savvy.

Mobile and tablet

usage for financial services is generally trending upwards worldwide. This is especially true for activities such as checking one’s account balance and money transfers. Meanwhile, the usage of computer browsers is trending downwards across the world.

Digital banking around the world.

Thanks to the increased availability of innovative digital solutions, higher tech-savviness, and raised interest in personal finance—the way people bank is changing. Still, the pace at which it is all evolving varies across demographics.

Gen Z & Millennials

are mobile first, using apps and browsers on mobile devices, while Gen X and Baby Boomers more often use computers to access banking services.

Younger generations interact with banking services at a higher frequency.

Mobile banking increases accessibility to services, enabling less financially experienced consumers to retain better control over their money.


interact with financial services more often than others, across all activities measured.

Younger generations

use financial services more often, especially for transferring money, sorting expenses into categories and managing their savings. The youngest Americans manage their savings about twice as often as their peers in the Nordic countries.

Attitudes to savings.

When it comes to saving money, the differences are not as evident in the share of income saved as it is in the way that people choose to do with that money. The most significant differences are found in the attitudes around investing money to grow funds or potentially risk losing one’s funds.

8 out of 10 save money.

Across all countries and generations, consumers consistently are saving money. 


saves money from their income in the wider global population. Gen Z’ers (89%) are the most frugal generation.


is the average share of income saved. Gen Z’ers (17%) allocate money for savings to the highest extent.

Save in a bank account. Or invest.

The attitude towards utilizing various investments to grow savings or keep money in a bank account is shared across generations. But not across countries.


has a bigger impact than age, and men invest at a higher rate than women in all countries.

Country of residence

has an even bigger impact. The difference between the share of the population saving money in bank accounts and those investing is highest in the UK, Ireland, Australia, the Netherlands, and France — while Finland is the only country where more people invest than save.

Stocks, bonds—or cryptocurrency.

There are numerous ways to invest for those willing to do so, each with its potential upsides and risks. 


are the most popular form of investment in every country except Germany, Austria, and Sweden, who instead prefer mutual funds and ETF’s.


men are twice as likely to invest in cryptocurrencies than women.

Environmentally sustainable investments are in-demand.

Growing money—while promoting planet health. The majority has considered investing in companies with an environmentally sustainable profile.

1 in 3

consumers have actively chosen to invest in environmentally sustainable companies, and as many have considered it but not yet done so. Only a minority say that they choose the investment product that will yield the highest returns regardless if they are sustainable or not.

Saving for a rainy day—or a sunny place.

The most common reasons for saving differ across generations, and depending on where you live.


Baby boomers are more than twice as likely to be saving money for the purpose of having a buffer for unforeseen expenses compared to Gen Z’ers.


Gen Z’ers are instead primarily saving to afford a house or apartment as primary residence. They are 6 times more likely to do that compared to Baby boomers, 3 times compared to Gen X’ers and slightly more likely than Millennials, who represent the generational tipping point between primarily focusing on building a rainy day fund and entering the housing market.

A bright future.

People across the world are optimistic about their future financial outlook—and more people believe they will be in a better place in the near future.

Most have a positive outlook.

And it is especially the young who believe their financial situation will be improved.

And that’s that.

Klarna’s Money Management Pulse insights are updated quarterly, so stay tuned for future updates.

Thirsty for more knowledge?

Make sure to check out the other reports that are available at Klarna Insights!