Spain Cards and Payments - Opportunities and Risks to 2026

The publisher's ‘Spain Cards and Payments - Opportunities and Risks to 2026' 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, cards, direct debits, credit transfer, and cheques during the review-period (2018-22e).

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 (2022e-26f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together the publisher'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.

This 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, cards, direct debits, credit transfer, 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.

Scope

The country's strong ecommerce market has encouraged foreign retailers to launch online stores in Spain. French furniture retailer Maisons du Monde launched an online store in the country in April 2022. In November 2022, German retailer Aldi announced the launch of its non-food ecommerce platform in Spain. In December 2022, Chinese ecommerce giant Alibaba launched its ecommerce platform Miravia in Spain. The platform features fashion, beauty, food, and lifestyle products. Meanwhile, in January 2023, TikTok announced the launch of its online website TikTok Shop in Spain, allowing companies and influencers to sell their products via the social media network.

• Contactless payments for public transport are gradually gaining traction in Spain. In August 2022, payment company SICE partnered with Metropolitan Transport to roll out a contactless payment system in Granada for the bus line linking the city with its airport. Similarly, Bilbao's Metropolitan Bus partnered with LittlePay to offer contactless ticketing for bus services in Bilbao. The system enables travelers to tap their contactless bank card against contactless payment terminals to pay for journeys. Previously, in March 2021, Banco Santander partnered with Mastercard to install POS Transportes Urbanos de Santander terminals across all Santander Urban Transport buses, enabling passengers to pay for tickets using contactless payment cards or smartphones.
• The proliferation of digital-only banks and fintech companies has helped drive competition in the banking space, thus boosting debit card holding. Orange Bank offers current and savings accounts as well as a Mastercard debit card. Customers can add this card to mobile wallet services such as Apple Pay, Samsung Wallet, and Google Pay. The bank had 185,000 customers as of November 2022. Meanwhile, digital-only bank Openbank (a subsidiary of Santander Group) offers a range of bank accounts and debit cards, including virtual debit cards. As of December 2022, the bank had 2 million customers.

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.