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

  • ID: 4209494
  • Report
  • Region: Spain
  • 65 pages
  • GlobalData
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FEATURED COMPANIES

  • Banco Popular Español
  • Banco Santander
  • BBVA
  • CaixaBank
  • EVO
  • Mastercard
  • MORE
The Cards and Payments Industry in Spain: Emerging Trends and Opportunities to 2020

Summary

"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 the author'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.
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FEATURED COMPANIES

  • Banco Popular Español
  • Banco Santander
  • BBVA
  • CaixaBank
  • EVO
  • Mastercard
  • MORE
1. EXECUTIVE SUMMARY
1.1. Market overview
1.2. Key facts
1.3. Top five industry events
2. PAYMENT INSTRUMENTS
2.1. Current payment environment
3. E-COMMERCE AND ALTERNATIVE PAYMENTS
3.1. E-Commerce market analysis
3.2. Alternative payment solutions
3.2.1. PayPal
3.2.2. Orange Cash
3.2.3. BBVA Wallet
3.2.4. Caixa Wallet
3.2.5. Vodafone SmartPass Wallet
3.2.6. Apple Pay
3.2.7. Samsung Pay
3.2.8. Visa Checkout
3.2.9. MasterPass
3.2.10. iupay
3.2.11. Kuapay
3.2.12. Teleingreso
3.2.13. paysafecard
3.2.14. Seqr
4. REGULATIONS IN THE CARDS AND PAYMENTS INDUSTRY
4.1. Regulatory framework
4.1.1. SEPA cards framework
4.1.2. Implementation of the payment services directive (PSD)
4.1.3. Payment Services Directive 2 (PSD2)
4.1.4. Interchange fee regulation
4.2. Anti-money laundering
4.3. Foreign direct investment regulations
5. ANALYSIS OF CARDS AND PAYMENTS INDUSTRY DRIVERS
6. PAYMENT CARDS
7. DEBIT CARDS
7.1. Debit cards market analysis
7.2. Competition in the debit cards market
7.3. Debit cards comparison
8. PAY LATER CARDS
8.1. Pay later cards market analysis
8.2. Competition in the pay later cards market
8.3. Pay later cards comparison
9. MERCHANT ACQUIRING
10. APPENDIX
10.1. Abbreviations and acronyms
10.2. Supplementary data
10.3. Definitions
10.4. Common payment card features
10.5. Methodology

List of Tables
Table 1: Spain, Key Facts, 2016
Table 2: Spain, Regional Benchmarking of Payment Cards, 2016
Table 3: Spain, Mode of Entry of Foreign Banks
Table 4: Spain, Debit Cards Comparison and Key Features, 2017
Table 5: Spain, Gold Credit Cards Comparison and Key Features, 2017
Table 6: Spain, Premium Credit Cards Comparison and Key Features, 2017
Table 7: Spain, Charge Cards Comparison and Key Features, 2017
Table 8: Spain, Payment Instrument Transaction Values (EUR Billion), 2012-2016
Table 9: Spain, Payment Instrument Transaction Values (US$ Billion), 2012-2016
Table 10: Spain, Payment Instrument Transaction Volumes (Million), 2012-2016
Table 11: Spain, Payment Cards in Circulation by Type (Million), 2012-2020
Table 12: Spain, Volume of Payment Card Transactions (Million), 2012-2020
Table 13: Spain, Value of Payment Card Transactions (EUR Billion), 2012-2020
Table 14: Spain, Value of Payment Card Transactions (US$ Billion), 2012-2020
Table 15: Spain, Debit Cards in Circulation (Million), 2012-2020
Table 16: Spain, Debit Card Transaction Volumes, 2012-2020
Table 17: Spain, Debit Card Transaction Values (EUR), 2012-2020
Table 18: Spain, Debit Card Transaction Values (US$), 2012-2020
Table 19: Spain, Debit Cards in Circulation by Scheme (Million), 2012-2016
Table 20: Spain, Debit Card Transaction Values by Scheme (EUR Billion), 2012-2016
Table 21: Spain, Debit Card Transaction Values by Scheme (US$ Billion), 2012-2016
Table 22: Spain, Debit Card Transaction Values by Issuer (EUR Billion), 2012-2016
Table 23: Spain, Debit Card Transaction Values by Issuer (US$ Billion), 2012-2016
Table 24: Spain, Pay Later Cards in Circulation (Million), 2012-2020
Table 25: Spain, Pay Later Card Transaction Volumes, 2012-2020
Table 26: Spain, Pay Later Card Transaction Values (EUR), 2012-2020
Table 27: Spain, Pay Later Card Transaction Values (US$), 2012-2020
Table 28: Spain, Pay Later Cards in Circulation by Scheme (Million), 2012-2016
Table 29: Spain, Pay Later Card Transaction Values by Scheme (EUR Billion), 2012-2016
Table 30: Spain, Pay Later Card Transaction Values by Scheme (US$ Billion), 2012-2016
Table 31: Spain, Pay Later Card Transaction Values by Issuer (EUR Billion), 2012-2016
Table 32: Spain, Pay Later Card Transaction Values by Issuer (US$ Billion), 2012-2016
Table 33: Spain, Credit Cards in Circulation (Million), 2012-2020
Table 34: Spain, Credit Card Transaction Volumes, 2012-2020
Table 35: Spain, Credit Card Transaction Values (EUR), 2012-2020
Table 36: Spain, Credit Card Transaction Values (US$), 2012-2020
Table 37: Spain, Credit Cards in Circulation by Scheme (Million), 2012-2016
Table 38: Spain, Credit Card Transaction Values by Scheme (EUR Billion), 2012-2016
Table 39: Spain, Credit Card Transaction Values by Scheme (US$ Billion), 2012-2016
Table 40: Spain, Charge Cards in Circulation (Million), 2012-2020
Table 41: Spain, Charge Card Transaction Volumes, 2012-2020
Table 42: Spain, Charge Card Transaction Values (EUR), 2012-2020
Table 43: Spain, Charge Card Transaction Values (US$), 2012-2020
Table 44: Spain, Charge Cards in Circulation by Scheme (Million), 2012-2016
Table 45: Spain, Charge Card Transaction Values by Scheme (EUR Billion), 2012-2016
Table 46: Spain, Charge Card Transaction Values by Scheme (US$ Billion), 2012-2016
Table 47: Spain, Merchant Acquiring Transaction Volumes (Billion), 2012-2020
Table 48: Spain, Merchant Acquiring Transaction Values (EUR Billion), 2011-2020
Table 49: Spain, Merchant Acquiring Transaction Values (US$ Billion), 2012-2020
Table 50: Spain, Acquirers’ Transaction Volumes (Million), 2012-2016
Table 51: Spain, Acquirers’ Transaction Values (EUR Billion), 2012-2016
Table 52: Spain, Acquirers’ Transaction Values (US$ Billion), 2012-2016
Table 53: Spain, Retail Outlets and Card-Accepting Merchants (Thousand), 2012-2020
Table 54: Spain, Debit Card Average Interchange Fees (%), 2012-2016
Table 55: Spain, Debit Card Merchant Service Charge and Interchange Fee (%), 2012-2020
Table 56: Spain, Pay Later Card Average Interchange Fees (%), 2012-2016
Table 57: Spain, Pay Later Card Merchant Service Charge and Interchange Fee (%), 2012-2020
Table 58: Definitions of Commonly Used Terms
Table 59: Common Features of Payment Cards

List of Figures
Figure 1: Spain, Payment Instrument Shares by Transaction Value (%), 2012 vs 2016
Figure 2: Spain, Payment Instrument Shares by Transaction Volume (%), 2012 vs 2016
Figure 3: Spain, E-Commerce Value
Figure 4: Spain, Population and Economic Indicators
Figure 5: Spain, ATMs, POS Terminals and Household Consumption
Figure 6: Spain, Payment Cards Transaction Value and Cards in Circulation, 2012-2020
Figure 7: Spain, Debit Card Penetration and Turnover Per Card
Figure 8: Spain, Debit Cards Scheme and Issuer Transaction Value Share, 2016
Figure 9: Spain, Pay Later Card Penetration and Turnover Per Card
Figure 10: Spain, Pay Later Cards Scheme and Issuer Transaction Value Share, 2016
Figure 11: Spain, Merchant Acquiring Transaction Volume and Value, 2012-2020
Figure 12: Spain, Acquirers’ Market Share in Terms of Transaction Volume and Value (%), 2016
Figure 13: Spain, Average Merchant Service Charge and Interchange Fee (%), 2012-2020
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  • CaixaBank
  • BBVA
  • Banco Santander
  • Bankia
  • Banco Sabadell
  • BNP Paribas
  • Banco Popular Español
  • Visa
  • Mastercard
  • Global Payments
  • Elavon
  • EVO
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