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The Cards and Payments Industry in Spain: Emerging Trends and Opportunities to 2020

The Cards and Payments Industry in Spain: Emerging Trends and Opportunities to 2020

Summary

GlobalData’s The Cards and Payments Industry in Spain: Emerging Trends and Opportunities to 2020, report provides detailed analysis of market trends in the Spanish cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, direct debit, check payments, payment cards and cash transactions during the review period (2012-2016).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2016-2020). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together GlobalData’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

The uptake of alternative payments among Spanish consumers is gaining traction, with international payment solution providers launching their solutions in the market - the latest initiative being the introduction of Apple Pay in December 2016. In January 2016, CaixaBank signed an agreement with Samsung Electronics to add Samsung Pay to its mobile payment (m-payment) service. Customers of CaixaBank and its imaginBank subsidiary were the first in Spain to access the Samsung Pay service. This service is accepted in all stores that accept contactless payments, with the number of payment terminals amounting to over 600,000.

The Spanish government introduced a new regulation in October 2015, according to which either a bank or ATM network operator can charge consumers for cash withdrawals, but not both. In response, banks and ATM network operators amended fee structures to reduce overall charges for consumers. Bankia, Banco Sabadell and ATM provider Euro 6000 agreed to cap fees at US$0.62 (EUR0.65), effective from January 2016. While this initiative was introduced to protect consumer interests, it is expected to encourage use of payment cards among Spanish consumers.

The emergence of digital-only banks is likely to accelerate the shift towards electronic payments in Spain. The mobile-only imaginBank, launched by CaixaBank in January 2016, provides banking services exclusively through mobile apps and social networks. Through the mobile app, consumers can apply for current accounts, credit cards and consumer loans, manage personal finances and make person-to-person (P2P) payments. Users can also use the imaginBank Facebook application to find out bank balances and view recent transactions.

This report also provides top-level market analysis, information and insights into the Spanish cards and payments industry, including -

  • Current and forecast values for each market in the Spanish cards and payments industry, including debit, credit and charge cards.
  • Detailed insights into payment instruments including credit transfers, direct debit, cash transactions, checks and payment cards. It also, includes an overview of the country's key alternative payment instruments.
  • E-commerce market analysis and payment methods.
  • Analysis of various market drivers and regulations governing the Spanish cards and payments industry.
  • Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • The competitive landscape in the Spanish cards and payments industry.
Scope
  • This report provides a comprehensive analysis of the Spanish cards and payments industry.
  • It provides current values for the Spanish cards and payments industry for 2016, and forecast figures to 2020.
  • It details the different demographic, economic, infrastructural and business drivers affecting the Spanish cards and payments industry.
  • It outlines the current regulatory framework in the industry.
  • It details marketing strategies used by various banks and other institutions.
Reasons to buy
  • Make strategic business decisions, using top-level historic and forecast market data, related to the Spanish cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in the Spanish cards and payments industry.
  • Assess the competitive dynamics in the Spanish cards and payments industry.
  • Gain insights into marketing strategies used for various card types in Spain.
  • Gain insights into key regulations governing the Spanish cards and payments industry.


  • Executive Summary
    • Market overview
    • Key facts
      • Table Spain, Key Facts, 2016
      • Table Spain, Regional Benchmarking of Payment Cards, 2016
    • Top five industry events
  • Payment Instruments
    • Current payment environment
      • Table Figure 1: Spain, Payment Instrument Shares by Transaction Value (%), 2012 vs 2016
      • Table Figure 2: Spain, Payment Instrument Shares by Transaction Volume (%), 2012 vs 2016
  • E-Commerce and Alternative Payments
    • E-Commerce market analysis
      • Table Figure 3: Spain, E-Commerce Value
    • Alternative payment solutions
      • PayPal
      • Orange Cash
      • BBVA Wallet
      • Caixa Wallet
      • Vodafone SmartPass Wallet
      • Apple Pay
      • Samsung Pay
      • Visa Checkout
      • MasterPass
      • iupay
      • Kuapay
      • Teleingreso
      • paysafecard
      • Seqr
  • Regulations in the Cards and Payments Industry
    • Regulatory framework
      • SEPA cards framework
      • Implementation of the payment services directive (PSD)
      • Payment Services Directive 2 (PSD2)
      • Interchange fee regulation
    • Anti-money laundering
    • Foreign direct investment regulations
      • Table Spain, Mode of Entry of Foreign Banks
  • Analysis of Cards and Payments Industry Drivers
    • Table Figure 4: Spain, Population and Economic Indicators
    • Table Figure 5: Spain, ATMs, POS Terminals and Household Consumption
  • Payment Cards
    • Table Figure 6: Spain, Payment Cards Transaction Value and Cards in Circulation, 2012-2020
  • Debit Cards
    • Debit cards market analysis
      • Table Figure 7: Spain, Debit Card Penetration and Turnover Per Card
    • Competition in the debit cards market
      • Table Figure 8: Spain, Debit Cards Scheme and Issuer Transaction Value Share, 2016
    • Debit cards comparison
      • Table Spain, Debit Cards Comparison and Key Features, 2017
  • Pay Later Cards
    • Pay later cards market analysis
      • Table Figure 9: Spain, Pay Later Card Penetration and Turnover Per Card
    • Competition in the pay later cards market
      • Table Figure 10: Spain, Pay Later Cards Scheme and Issuer Transaction Value Share, 2016
    • Pay later cards comparison
      • Table Spain, Gold Credit Cards Comparison and Key Features, 2017
      • Table Spain, Premium Credit Cards Comparison and Key Features, 2017
      • Table Spain, Charge Cards Comparison and Key Features, 2017
  • Merchant Acquiring
    • Table Figure 11: Spain, Merchant Acquiring Transaction Volume and Value, 2012-2020
    • Table Figure 12: Spain, Acquirers’ Market Share in Terms of Transaction Volume and Value (%), 2016
    • Table Figure 13: Spain, Average Merchant Service Charge and Interchange Fee (%), 2012-2020
  • Appendix
    • Abbreviations and acronyms
    • Supplementary data
      • Table Spain, Payment Instrument Transaction Values (EUR Billion), 2012-2016
      • Table Spain, Payment Instrument Transaction Values (US$ Billion), 2012-2016
      • Table Spain, Payment Instrument Transaction Volumes (Million), 2012-2016
      • Table Spain, Payment Cards in Circulation by Type (Million), 2012-2020
      • Table Spain, Volume of Payment Card Transactions (Million), 2012-2020
      • Table Spain, Value of Payment Card Transactions (EUR Billion), 2012-2020
      • Table Spain, Value of Payment Card Transactions (US$ Billion), 2012-2020
      • Table Spain, Debit Cards in Circulation (Million), 2012-2020
      • Table Spain, Debit Card Transaction Volumes, 2012-2020
      • Table Spain, Debit Card Transaction Values (EUR), 2012-2020
      • Table Spain, Debit Card Transaction Values (US$), 2012-2020
      • Table Spain, Debit Cards in Circulation by Scheme (Million), 2012-2016
      • Table Spain, Debit Card Transaction Values by Scheme (EUR Billion), 2012-2016
      • Table Spain, Debit Card Transaction Values by Scheme (US$ Billion), 2012-2016
      • Table Spain, Debit Card Transaction Values by Issuer (EUR Billion), 2012-2016
      • Table Spain, Debit Card Transaction Values by Issuer (US$ Billion), 2012-2016
      • Table Spain, Pay Later Cards in Circulation (Million), 2012-2020
      • Table Spain, Pay Later Card Transaction Volumes, 2012-2020
      • Table Spain, Pay Later Card Transaction Values (EUR), 2012-2020
      • Table Spain, Pay Later Card Transaction Values (US$), 2012-2020
      • Table Spain, Pay Later Cards in Circulation by Scheme (Million), 2012-2016
      • Table Spain, Pay Later Card Transaction Values by Scheme (EUR Billion), 2012-2016
      • Table Spain, Pay Later Card Transaction Values by Scheme (US$ Billion), 2012-2016
      • Table Spain, Pay Later Card Transaction Values by Issuer (EUR Billion), 2012-2016
      • Table Spain, Pay Later Card Transaction Values by Issuer (US$ Billion), 2012-2016
      • Table Spain, Credit Cards in Circulation (Million), 2012-2020
      • Table Spain, Credit Card Transaction Volumes, 2012-2020
      • Table Spain, Credit Card Transaction Values (EUR), 2012-2020
      • Table Spain, Credit Card Transaction Values (US$), 2012-2020
      • Table Spain, Credit Cards in Circulation by Scheme (Million), 2012-2016
      • Table Spain, Credit Card Transaction Values by Scheme (EUR Billion), 2012-2016
      • Table Spain, Credit Card Transaction Values by Scheme (US$ Billion), 2012-2016
      • Table Spain, Charge Cards in Circulation (Million), 2012-2020
      • Table Spain, Charge Card Transaction Volumes, 2012-2020
      • Table Spain, Charge Card Transaction Values (EUR), 2012-2020
      • Table Spain, Charge Card Transaction Values (US$), 2012-2020
      • Table Spain, Charge Cards in Circulation by Scheme (Million), 2012-2016
      • Table Spain, Charge Card Transaction Values by Scheme (EUR Billion), 2012-2016
      • Table Spain, Charge Card Transaction Values by Scheme (US$ Billion), 2012-2016
      • Table Spain, Merchant Acquiring Transaction Volumes (Billion), 2012-2020
      • Table Spain, Merchant Acquiring Transaction Values (EUR Billion), 2011-2020
      • Table Spain, Merchant Acquiring Transaction Values (US$ Billion), 2012-2020
      • Table Spain, Acquirers’ Transaction Volumes (Million), 2012-2016
      • Table Spain, Acquirers’ Transaction Values (EUR Billion), 2012-2016
      • Table Spain, Acquirers’ Transaction Values (US$ Billion), 2012-2016
      • Table Spain, Retail Outlets and Card-Accepting Merchants (Thousand), 2012-2020
      • Table Spain, Debit Card Average Interchange Fees (%), 2012-2016
      • Table Spain, Debit Card Merchant Service Charge and Interchange Fee (%), 2012-2020
      • Table Spain, Pay Later Card Average Interchange Fees (%), 2012-2016
      • Table Spain, Pay Later Card Merchant Service Charge and Interchange Fee (%), 2012-2020
    • Definitions
      • Table Definitions of Commonly Used Terms
    • Common payment card features
      • Table Common Features of Payment Cards
    • Methodology
    • Bibliography
    • Further reading

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