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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

Synopsis

Timetric’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 debits, check payments, cash transactions and payment cards during the review period (2011–2015).

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 Timetric’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.

Summary

Timetric’s 'The Cards and Payments Industry in Spain: Emerging Trends and Opportunities to 2020' 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 card, credit and charge cards.
  • Detailed insights into payment instruments including credit transfers, direct debits, check payments, cash transactions 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 2015, 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.
Key Highlights
  • 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 their fee structures to reduce overall charges for consumers. Bankia, Banco Sabadell and ATM provider Euro 6000 agreed to cap fees at US$0.72 (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.
  • The uptake of alternative payments among Spanish consumers is gaining traction due to the availability of a number of options, such as iupay, Orange Cash, BBVA Wallet and Caixa Wallet. Banks and telecoms operators are also investing to offer customers a choice of payment options, whether in-store, at home or on the move. In January 2016, CaixaBank signed an agreement with Samsung Electronics to add Samsung Pay to its mobile payment service. Customers of CaixaBank and its subsidiary imaginBank are 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. Samsung Pay’s launch of is likely to intensify competition in Spain’s alternative payments market.


  • Definitions and Methodology
    • Definitions
      • Table Key Definitions
    • Methodology
      • Table Annual Average Exchange Rate
  • Key Facts and Highlights
    • Table Spain - Key Facts, 2015
    • Table Regional Benchmarking of Spain's Payment Cards, 2015
  • Executive Summary
  • Payment Instruments
  • E-Commerce and Alternative Payments
    • E-Commerce Market and Payment Methods
    • Alternative Payment Solutions
      • Orange Cash
      • PayPal
      • BBVA Wallet
      • Caixa Wallet
      • Vodafone SmartPass Wallet
      • Samsung Pay
      • Ukash
      • iupay
      • Kuapay
      • Teleingreso
      • Paysafecard
  • Regulations in the Cards and Payments Industry
    • Regulatory Framework
    • Anti-Money Laundering (AML)
    • Foreign Direct Investment (FDI) Regulations
      • Table Spain - Mode of Entry of Foreign Banks
  • Analysis of Cards and Payments Industry Drivers
  • Payment Cards
  • Debit Cards
    • Debit Cards Market Analysis
    • Debit Card Scheme and Issuer Shares
    • Debit Cards Comparison
      • Table Spain - Debit Cards Comparison and Key Features, 2016
  • Pay Later Cards
    • Pay Later Cards Market Analysis
    • Pay Later Card Scheme and Issuer Shares
    • Pay Later Cards Comparison
      • Table Spain - Gold Credit Cards Comparison and Key Features, 2016
      • Table Spain - Premium Credit Cards Comparison and Key Features, 2016
  • Card Issuers
    • CaixaBank
    • BBVA
    • Bankia
    • Banco Santander
    • Banco Sabadell
  • Merchant Acquiring
  • Appendix
    • Tables
      • Table Spain - Payment Instrument Transaction Values (EUR Trillion), 2011-2015
      • Table Spain - Payment Instrument Transaction Values (US$ Trillion), 2011-2015
      • Table Spain - Payment Instrument Transaction Volumes (Million), 2011-2015
      • Table Spain - Number of Payment Cards in Circulation by Type (Million), 2011-2020
      • Table Spain - Volume of Payment Cards Transactions by Type (Million), 2011-2020
      • Table Spain - Value of Payment Cards Transactions by Type (EUR Billion), 2011-2020
      • Table Spain - Value of Payment Cards Transactions by Type (US$ Billion), 2011-2020
      • Table Spain - Number of Debit Cards in Circulation (Million), 2011-2020
      • Table Spain - Debit Card Transaction Volumes and Frequency by Channel, 2011-2020
      • Table Spain - Debit Card Total and Average Transaction Values by Channel, 2011-2020
      • Table Spain - Number of Debit Cards in Circulation by Scheme (Million), 2011-2015
      • Table Spain - Debit Card Transaction Values by Scheme (EUR Billion), 2011-2015
      • Table Spain - Debit Card Transaction Values by Scheme (US$ Billion), 2011-2015
      • Table Spain - Debit Card Transaction Values by Issuer (EUR Billion), 2011-2015
      • Table Spain - Debit Card Transaction Values by Issuer (US$ Billion), 2011-2015
      • Table Spain - Number of Pay Later Cards in Circulation (Million), 2011-2020
      • Table Spain - Pay Later Cards Transaction Volumes and Frequency by Channel, 2011-2020
      • Table Spain - Pay Later Cards Total and Average Transaction Values by Channel, 2011-2020
      • Table Spain - Number of Pay Later Cards in Circulation by Scheme (Million), 2011-2015
      • Table Spain - Pay Later Cards Transaction Values by Scheme (EUR Billion), 2011-2015
      • Table Spain - Pay Later Cards Transaction Values by Scheme (US$ Billion), 2011-2015
      • Table Spain - Pay Later Cards Transaction Values by Issuer (EUR Billion), 2011-2015
      • Table Spain - Pay Later Cards Transaction Values by Issuer (US$ Billion), 2011-2015
      • Table Spain - Number of Credit Cards in Circulation (Million), 2011-2020
      • Table Spain - Credit Card Transaction Volumes and Frequency by Channel, 2011-2020
      • Table Spain - Credit Card Total and Average Transaction Values by Channel, 2011-2020
      • Table Spain - Number of Credit Cards in Circulation by Scheme (Million), 2011-2015
      • Table Spain - Credit Card Transaction Values by Scheme (EUR Billion), 2011-2015
      • Table Spain - Credit Card Transaction Values by Scheme (US$ Billion), 2011-2015
      • Table Spain - Number of Charge Cards in Circulation (Million), 2011-2020
      • Table Spain - Charge Card Transaction Volumes and Frequency by Channel, 2011-2020
      • Table Spain - Charge Card Total and Average Transaction Values by Channel, 2011-2020
      • Table Spain - Number of Charge Cards in Circulation by Scheme (Thousand), 2011-2015
      • Table Spain - Charge Card Transaction Values by Scheme (EUR Billion), 2011-2015
      • Table Spain - Charge Card Transaction Values by Scheme (US$ Billion), 2011-2015
      • Table Spain - Personal and Commercial Pay Later Cards Transaction Volumes (Million), 2011-2020
      • Table Spain - Personal and Commercial Pay Later Cards Transaction Values (EUR Billion), 2011-2020
      • Table Spain - Personal and Commercial Pay Later Cards Transaction Values (US$ Billion), 2011-2020
      • Table Spain - Number of Commercial Pay Later Cards in Circulation (Million), 2011-2020
      • Table Spain - Commercial Pay Later Cards Transaction Volumes (Million), 2011-2020
      • Table Spain - Commercial Pay Later Cards Transaction Values (EUR Billion), 2011-2020
      • Table Spain - Commercial Pay Later Cards Transaction Values (US$ Billion), 2011-2020
      • Table Spain - Merchant Acquiring Transaction Volumes (Billion), 2011-2020
      • Table Spain - Merchant Acquiring Transaction Values (EUR Billion), 2011-2020
      • Table Spain - Merchant Acquiring Transaction Values (US$ Billion), 2011-2020
      • Table Spain - Acquirers' Transaction Volumes (Million), 2011-2015
      • Table Spain - Acquirers' Transaction Values (EUR Billion), 2011-2015
      • Table Spain - Acquirers' Transaction Values (US$ Billion), 2011-2015
      • Table Spain - Retail Outlets and Card Accepting Merchants (Million), 2011-2020
      • Table Spain - Debit Card, Average Interchange Fees: Intra-Network Transactions (%), 2011-2015
      • Table Spain - Debit Card, Average Merchant Service Charge and Interchange Fee (%), 2011-2020
      • Table Spain - Pay Later Cards, Average Interchange Fees: Intra-Network Transactions (%), 2011-2015
      • Table Spain - Pay Later Cards, Average Merchant Service Charge and Interchange Fee (%), 2011-2020
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