Spain Cards and Payments: Opportunities and Risks to 2029 Update
Description
Spain Cards and Payments: Opportunities and Risks to 2029 Update
Summary
GlobalData’s ‘Spain Cards and Payments: Opportunities and Risks to 2029 Update' 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 (2021-25e).
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 (2025e-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 Update' 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 Update' 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 (2021-25e).
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 (2025e-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 Update' 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.
- New instant payment rules are being introduced around the EU region. In November 2024, the European Payments Council (EPC) published an updated SEPA Instant Credit Transfer (SCT Inst) rulebook which came into effect on October 9, 2025. Key features include the SCT Inst scheme must be fully compliant with the provisions of the Instant Payments Regulation (IPR); an EU Regulation that mandates SEPA instant credit transfers up to EUR100,000 ($108,181.67) within 10 seconds. This regulation requires all SEPA Payment Service Providers (PSPs) to offer instant Euro-denominated credit transfers; allowing funds to be sent and received in under 10 seconds. However, there is no scheme-level maximum limit for SCT Inst transactions; PSPs may set their own transaction limits.
- Spain’s payment infrastructure is undergoing significant transformation; driven by the modernization of payment terminals and the increasing inclination toward electronic payments among both customers and merchants. For example, in March 2025, Revolut launched its POS terminal for retail and hospitality sectors in Spain. Apart from accepting payments via card or digital wallets, it also enables business to track stock and easily access different sales reports. On a similar note, in July 2025, the payment service provider Adyen introduced Apple’s Tap to Pay on iPhone in Spain; allowing partner merchants to accept contactless payments via cards and mobile wallets.
- Digital wallet solutions, such as Apple Pay, Google Pay, and PayPal, are gradually gaining traction and are increasingly being used for in-store purchases. To capitalize on the growing adoption of digital wallets, in March 2025, Google Wallet introduced a feature allowing children to make contactless in-store payments using their Android devices, with parental consent. It also enables parents to monitor transactions via email notifications and track recent purchases. This feature is currently available in Spain, Australia, the US, the UK, and Poland.
- New instant payment rules are being introduced around the EU region. In November 2024, the European Payments Council (EPC) published an updated SEPA Instant Credit Transfer (SCT Inst) rulebook which came into effect on October 9, 2025. Key features include the SCT Inst scheme must be fully compliant with the provisions of the Instant Payments Regulation (IPR); an EU Regulation that mandates SEPA instant credit transfers up to EUR100,000 ($108,181.67) within 10 seconds. This regulation requires all SEPA Payment Service Providers (PSPs) to offer instant Euro-denominated credit transfers; allowing funds to be sent and received in under 10 seconds. However, there is no scheme-level maximum limit for SCT Inst transactions; PSPs may set their own transaction limits.
- Spain’s payment infrastructure is undergoing significant transformation; driven by the modernization of payment terminals and the increasing inclination toward electronic payments among both customers and merchants. For example, in March 2025, Revolut launched its POS terminal for retail and hospitality sectors in Spain. Apart from accepting payments via card or digital wallets, it also enables business to track stock and easily access different sales reports. On a similar note, in July 2025, the payment service provider Adyen introduced Apple’s Tap to Pay on iPhone in Spain; allowing partner merchants to accept contactless payments via cards and mobile wallets.
- Digital wallet solutions, such as Apple Pay, Google Pay, and PayPal, are gradually gaining traction and are increasingly being used for in-store purchases. To capitalize on the growing adoption of digital wallets, in March 2025, Google Wallet introduced a feature allowing children to make contactless in-store payments using their Android devices, with parental consent. It also enables parents to monitor transactions via email notifications and track recent purchases. This feature is currently available in Spain, Australia, the US, the UK, and Poland.
- New instant payment rules are being introduced around the EU region. In November 2024, the European Payments Council (EPC) published an updated SEPA Instant Credit Transfer (SCT Inst) rulebook which came into effect on October 9, 2025. Key features include the SCT Inst scheme must be fully compliant with the provisions of the Instant Payments Regulation (IPR); an EU Regulation that mandates SEPA instant credit transfers up to EUR100,000 ($108,181.67) within 10 seconds. This regulation requires all SEPA Payment Service Providers (PSPs) to offer instant Euro-denominated credit transfers; allowing funds to be sent and received in under 10 seconds. However, there is no scheme-level maximum limit for SCT Inst transactions; PSPs may set their own transaction limits.
- Spain’s payment infrastructure is undergoing significant transformation; driven by the modernization of payment terminals and the increasing inclination toward electronic payments among both customers and merchants. For example, in March 2025, Revolut launched its POS terminal for retail and hospitality sectors in Spain. Apart from accepting payments via card or digital wallets, it also enables business to track stock and easily access different sales reports. On a similar note, in July 2025, the payment service provider Adyen introduced Apple’s Tap to Pay on iPhone in Spain; allowing partner merchants to accept contactless payments via cards and mobile wallets.
- Digital wallet solutions, such as Apple Pay, Google Pay, and PayPal, are gradually gaining traction and are increasingly being used for in-store purchases. To capitalize on the growing adoption of digital wallets, in March 2025, Google Wallet introduced a feature allowing children to make contactless in-store payments using their Android devices, with parental consent. It also enables parents to monitor transactions via email notifications and track recent purchases. This feature is currently available in Spain, Australia, the US, the UK, and Poland.
- 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
91 Pages
- 1. Executive Summary
- 2. Market Overview
- 3. Payment Instruments
- 4. Card-Based Payments
- 5. Merchant Acquiring
- 6. Ecommerce Payments
- 7. In-Store Payments
- 8. Buy Now Pay Later
- 9. Digital Wallet Payments
- 10. P2P Payments
- 11. Bill Payments
- 12. Alternative Payments
- 13. Payment Innovation
- 14. Job Analysis
- 15. Payment Infrastructure and Regulation
- 16. Appendix
- List of Tables
- Key facts, 2025e
- Benchmarking of payment cards, 2025e
- Payment instrument transaction values (LCU), 2021-29f
- Payment instrument transaction values ($), 2021-29f
- Payment instrument transaction volumes (units), 2021-29f
- Payment cards in circulation by type (units), 2021-29f
- Volume of payment card transactions (units), 2021-29f
- Value of payment card transactions (LCU), 2021-29f
- Value of payment card transactions ($), 2021-29f
- Debit cards in circulation (units), 2021-29f
- Debit card transaction volumes, 2021-29f
- Debit card transaction values (LCU), 2021-29f
- Debit card transaction values ($), 2021-29f
- Debit cards in circulation by scheme (units), 2021-25e
- Debit card transaction values by scheme (LCU), 2021-25e
- Debit card transaction values by scheme ($), 2021-25e
- Debit cards in circulation by issuer (units), 2021-25e
- Debit cards transaction value by issuer (LCU), 2021-25e
- Debit cards transaction value by issuer ($), 2021-25e
- Credit and charge cards in circulation (units), 2021-29f
- Credit and charge card transaction volumes, 2021-29f
- Credit and charge card transaction values (LCU), 2021-29f
- Credit and charge card transaction values ($), 2021-29f
- Credit and charge cards in circulation by scheme (units), 2021-25e
- Credit and charge card transaction values by scheme (LCU), 2021-25e
- Credit and charge card transaction values by scheme ($), 2021-25e
- Credit and charge cards in circulation by issuer (units), 2021-25e
- Credit and charge cards transaction value by issuer (LCU), 2021-25e
- Credit and charge cards transaction value by issuer ($), 2021-25e
- Credit cards in circulation (units), 2021-29f
- Credit card transaction volumes, 2021-29f
- Credit card transaction values (LCU), 2021-29f
- Credit card transaction values ($), 2021-29f
- Credit cards in circulation by scheme (units), 2021-25e
- Credit card transaction values by scheme (LCU), 2021-25e
- Credit card transaction values by scheme ($), 2021-25e
- Credit cards in circulation by issuer (units), 2021-25e
- Credit cards transaction value by issuer (LCU), 2021-25e
- Credit cards transaction value by issuer ($), 2021-25e
- Charge cards in circulation (units), 2021-29f
- Charge card transaction volumes, 2021-29f
- Charge card transaction values (LCU), 2021-29f
- Charge card transaction values ($), 2021-29f
- Charge cards in circulation by scheme (units), 2021-25e
- Charge card transaction values by scheme (LCU), 2021-25e
- Charge card transaction values by scheme ($), 2021-25e
- Merchant acquiring transaction volumes (units), 2021-29f
- Merchant acquiring transaction values (LCU), 2021-29f
- Merchant acquiring transaction values ($), 2021-29f
- Acquirers’ transaction volumes (units), 2021-25e
- Acquirers’ transaction values (LCU), 2021-25e
- Acquirers’ transaction values ($),2021-25e
- Retail outlets and card-accepting merchants (units), 2021-29f
- Debit card average interchange fees (%), 2021-25e
- Credit and charge card average interchange fees (%), 2021-25e
- Debit card merchant service charge and interchange fee (%), 2021-29f
- Credit and charge card merchant service charge and interchange fee (%), 2021-29f
- Retail market by product categories (LCU), 2021-29f
- Retail market by product categories ($), 2021-28f
- Retail market by service categories (LCU), 2018-22
- Retail market by service categories ($), 2018-22
- List of Figures
- Inflation rate
- GDP growth rate
- Payment instruments transaction value and volume
- Instant payments transaction value and volume
- Card penetration
- Card payments by value
- Debit card frequency of payments and average transaction value
- Debit card schemes transaction value and volume
- Debit card issuers by number of cards and transaction value
- Credit card frequency of payments and average transaction value
- Credit card schemes transaction value and volume
- Credit card issuers by number of cards and transaction value
- Credit card debt
- Prepaid Cards: Market Sizing and Forecasting
- Contactless card holding and usage in detail
- E-commerce transaction value and ecommerce breakdown by mobile vs. desktop/laptop
- Ecommerce market by product and services
- Ecommerce market by paymnet tools
- Factors driving in-store payments and In-store transaction value by payment method
- In-store transaction value by products and services
- BNPL service used in the last six months and Preferred BNPL brand/tool for in-store payments
- BNPL online transaction value and transaction volume
- BNPL share of overall ecommerce transaction value and preferred BNPL brand/tool for online payments
- Mobile wallet holding and use by demographic
- Mobile wallet funding methods, mobile wallet preference by product/service and mobile wallet ownership by brand
- Domestic and international P2P money transfers
- Paymnet tool preference for bill payment and bill paymnet frequency
- Active jobs intensity in the country
- Number of POS terminals and ATMs
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