Spain Cards and Payments: Opportunities and Risks to 2029
Description
Spain Cards and Payments: Opportunities and Risks to 2029
Summary
GlobalData’s ‘Spain Cards and Payments: Opportunities and Risks to 2029' 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 cash, card, credit transfer, direct debits, and cheques during the review-period (2020-24e).
The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2025f-29f). It also offers information on the country's competitive landscape, including 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 detailed regulatory policies and recent changes in regulatory structure.
GlobalData’s ‘Spain Cards and Payments: Opportunities and Risks to 2029' report provides top-level market analysis, information and insights into the Spanish cards and payments industry, including -
Summary
GlobalData’s ‘Spain Cards and Payments: Opportunities and Risks to 2029' 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 cash, card, credit transfer, direct debits, and cheques during the review-period (2020-24e).
The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2025f-29f). It also offers information on the country's competitive landscape, including 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 detailed regulatory policies and recent changes in regulatory structure.
GlobalData’s ‘Spain Cards and Payments: Opportunities and Risks to 2029' report 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 cash, card, credit transfer, direct debits, and cheques. It also, includes an overview of the country's key alternative payment instruments.
- Ecommerce market analysis.
- 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 of the Spanish cards and payments industry.
- Spanish consumers regard contactless card payments as the most practical payment method, a trend further strengthened by their use in public transportation. In September 2024, the City of Madrid declared that card payments would be accepted on intercity buses by June 2025. Similarly, Madrid Metro is currently piloting a tap-to-pay contactless payment system in Spain. This innovative system allows commuters to conveniently pay for their tickets using their payment cards or cell phones, eliminating the need for traditional transit cards. By 2026, the tap-to-pay ticket system is expected to be fully operational across all 302 metro stations, contributing to the widespread adoption of contactless technology in the country.
- In Spain, cash remains a prevalent and trusted payment method, largely due to long-standing familiarity among Spaniards. To provide easy access to cash, banks are offering innovative and secure ATM cash withdrawal services. For instance, in March 2024, Santander Bank launched the ‘Operate at the ATM with your mobile’ feature, offering cash withdrawal at ATMs using cell phones without the need for a card or PIN. To use this feature, customers need to set up transactions on the Santander app. They then choose a pre-saved transaction at the ATM, scan a QR code on the ATM screen with their phone, and confirm with a biometric signature through Santander Key. Customers can withdraw a maximum of EUR1,000 ($1,081.27) per day using the service.
- Payment companies are increasingly focusing on offering payment solutions that offer convenience, speed, and security. In July 2024, the Spanish pharmacy Juan Vindel Farmacia launched touch-free purchasing; allowing customers to scan items and pay without direct contact. This system enables a faster checkout by automatically detecting products and allows more convenient inventory management and checkout processes in retail. Payments with QR codes are also gaining traction in Spain, where payment companies PayPal and MONEI Pay both offer this option. In addition to the rising adoption of portable and cost-effective payment methods, contactless technology and QR codes are expected to witness substantial growth across diverse settings, including retail establishments, pubs, restaurants, and public transportation.
- Card market size in terms of number of cards, value and volume of transactions in Spain along with detailed card segmentation of debit, credit and charge cards available in the country.
- Market sizing and analysis of major payment instruments including cash, card, credit transfer, direct debits, and cheques.
- Payment market trends and growth for both historical and forecast period
- Competitor analysis with detailed insights into leading card issuers and schemes.
- Comprehensive analysis of consumer attitudes and buying preferences for cards.
- A detailed snapshot of country's key alternative payment brands.
- 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.
Table of Contents
94 Pages
- Executive Summary
- Spain: Key facts, 2024e
- Spain: Benchmarking of payment cards, 2024e
- Instant Payments
- Payment Cards: Market Sizing and Forecasting
- Payment Cards: Market by Product and Service Type
- Debit Cards: Market Sizing and Forecasting
- Debit Cards: Schemes
- Debit Cards: Issuers
- Credit and Charge Cards: Market Sizing and Forecasting
- Credit and Charge Cards: Schemes
- Credit and Charge Cards: Issuers
- Credit Card Debt
- Contactless Cards: Card Holding
- Acquiring and Processing
- Retail: Market Sizing and Forecasting
- Ecommerce: Market Sizing and Forecasting
- Ecommerce: Market by Products and Services
- Ecommerce: Market by Payment Tool
- In-Store Payments: Market by Payment Tools
- In-Store Payments: Market by Products and Services
- Buy Now Pay Later: Online Purchasing
- Mobile Proximity Payments
- P2P Payments
- Bill Payments
- Alternative Payments: Payment Solutions
- Payment Innovations
- Job Analysis
- POS Terminals and ATMs
- Regulatory Environment
- Spain: payment instrument transaction values (EUR billions), 2020-29f
- Spain: payment instrument transaction values ($ billions), 2020-29f
- Spain: payment instrument transaction volumes (millions), 2020-29f
- Spain: payment cards in circulation by type (millions), 2020-9f
- Spain: volume of payment card transactions (billions), 2020-9f
- Spain: value of payment card transactions (EUR billions), 2020-9f
- Spain: value of payment card transactions ($ billions), 2020-9f
- Spain: debit cards in circulation (millions), 2020-9f
- Spain: debit card transaction volumes, 2020-9f
- Spain: debit card transaction values (EUR), 2020-9f
- Spain: debit card transaction values ($), 2020-9f
- Spain: debit cards in circulation by scheme (millions), 2020-24e
- Spain: debit card transaction values by scheme (EUR billions), 2020-24e
- Spain: debit card transaction values by scheme ($ billions), 2020-24e
- Spain: debit cards in circulation by issuer (000s), 2020-24e
- Spain: debit cards transaction value by issuer (EUR billions), 2020-24e
- Spain: debit cards transaction value by issuer ($ billions), 2020-24e
- Spain: credit and charge cards in circulation (millions), 2020-29
- Spain: credit and charge card transaction volumes, 2020-29
- Spain: credit and charge card transaction values (EUR), 2020-29
- Spain: credit and charge card transaction values ($), 2020-29
- Spain: credit and charge cards in circulation by scheme (millions), 2020-24e
- Spain: credit and charge card transaction values by scheme (EUR billions), 2020-24e
- Spain: credit and charge card transaction values by scheme ($ billions), 2020-24e
- Spain: credit and charge cards in circulation by issuer (000s), 2020-24e
- Spain: credit and charge cards transaction value by issuer (EUR billions), 2020-24e
- Spain: credit and charge cards transaction value by issuer ($ billions), 2020-24e
- Spain: credit cards in circulation (millions), 2020-9f
- Spain: credit card transaction volumes, 2020-9f
- Spain: credit card transaction values (EUR), 2020-9f
- Spain: credit card transaction values ($), 2020-9f
- Spain: credit cards in circulation by scheme (millions), 2020-24e
- Spain: credit card transaction values by scheme (EUR billions), 2020-24e
- Spain: credit card transaction values by scheme ($ billions), 2020-24e
- Spain: charge cards in circulation (millions), 2020-9f
- Spain: charge card transaction volumes, 2020-9f
- Spain: charge card transaction values (EUR), 2020-9f
- Spain: charge card transaction values ($), 2020-9f
- Spain: charge cards in circulation by scheme (millions), 2020-24e
- Spain: charge card transaction values by scheme (EUR billions), 2020-24e
- Spain: charge card transaction values by scheme ($ billions), 2020-24e
- Spain: merchant acquiring transaction values (EUR billions), 2020-29f
- Spain: merchant acquiring transaction values ($ billions), 2020-29f
- Spain: merchant acquiring transaction volumes (billions), 2020-29f
- Spain: acquirers' transaction volumes (millions), 2020-24e
- Spain: acquirers' transaction values (EUR billions), 2020-24e
- Spain: acquirers' transaction values ($ billions), 2020-24e
- Spain: retail outlets and card-accepting merchants (millions), 2020-29f
- Spain: debit card average interchange fees (%), 2020-24e
- Spain: credit and charge card average interchange fees (%), 2020-24e
- Spain: debit card merchant service charge and interchange fee (%), 2020-29f
- Spain: credit and charge card merchant service charge and interchange fee (%), 2020-29f
- Spain: retail market by product categories (EUR billion), 2020-29f
- Spain: retail market by product categories ($ billion), 2020-29f
- Spain: retail market by service categories ($ billions), 2018-22
- Spain: retail market by service categories (EUR billions), 2018-22
- Survey sample across countries
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