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Spain Country Report

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  • Published Date: July 2019


A comprehensive overview of the cards, payments and merchant acquirer market inSpain, with expert commentary and key payment industry market data.

What you will learn from this report:

  • How Spain's credit card profitability has fared during the economic recovery
  • What interchange caps have meant for the profit pool in Spain
  • Which Spanish regulatory moves are impacting the market – and backend infrastructure
  • How Spaniards, through apps such as Bizum, are using payment methods
  • Where rivals have been finding collaborative opportunities


  • The Spanish economy has rebounded since 2014. This recovery in economic performance has boosted the consumer finance and payments industries, along with other sectors of the economy.
  • Payment card purchase volume in Spain has seen significant growth over the years under review, growing by 70 per cent from 2012 to 2018.
  • Total payment card purchase volume exceeded the total value of ATM cash withdrawals for the first time in 2013.
  • In 2018, card purchase volume as a percentage of combined card purchase volume and cash withdrawals came to 59 per cent.
  • Debit cards are more widely used than credit cards for transactions in Spain. The value of debit card purchase volume exceeded the value of credit card purchase volume for the first time in 2015.
  • Contactless has proven popular among Spanish cardholders. Around 60 per cent of card transactions in 2018 were contactless, despite a relatively low limit.
  • Spanish credit card profitability has been boosted by strong lending growth since 2015. Competition is growing in this space as issuers pursue a previously underdeveloped market.
  • In 2018, the three ATM and POS networks (ServiRed, Sistema 4B and EURO 6000) merged into a new entity, Sistema de Tarjetas y Medios de Pago, with the brand name yet to be decided.
  • This new network has been instructed by the regulator to launch a Spanish domestic payment cards brand, with the first of these cards set to be issued in the final quarter of 2019.
  • Mobile payments app Bizum, the product of a collaborative venture by Spanish banks, has become popular for P2P transfers.

Spain Payments Research | Report Contents

Key Topics
Demographics and the economy
Payments environment
Cards market data
Mobile payments
Profit pool
The networks
Key retail banks and issuers
Acquiring and processing
Online acquiring
Regulatory and other cards market information

Appendices: Card Payments Data

Appendix I: Demographics and the economy

  • Demographic and economic indicators
  • Ownership of key consumer devices
  • Internet usage by population

Appendix II: Payments environment

  • Access points
  • Account penetration
  • Consumer payment trends
  • B2C e-commerce payment methods

Appendix III: Cards market

  • Total cards payment metrics
  • Contactless cards metrics
  • Credit card numbers
  • Total credit cards metrics
  • Credit cards profitability indicators
  • Debit cards numbers
  • Debit cards metrics
  • Appendix IV: Mobile payments
  • Mobile proximity payment metrics
  • Mobile P2P payments

Appendix V: Profit pool

  • Profit pool

Appendix VI: The networks

  • Networks' credit card market shares
  • Networks' credit card numbers
  • Networks' credit card billed volume
  • Networks' number of credit card transactions
  • Networks' average credit card transaction value
  • Credit card interchange fees by network
  • Networks' debit card market shares
  • Networks' debit card numbers
  • Networks' debit card billed volume
  • Networks' number of debit card transactions
  • Networks' average debit card transaction value
  • Debit card interchange fees by network

Appendix VII: Key retail banks and issuers

  • Key credit card issuers market shares by credit card numbers
  • Key issuers market shares in credit card outstandings
  • Key debit card issuers market shares by debit card numbers

Appendix VIII: Acquirers and processing

  • Merchant acquirer credit card market share
  • Credit card merchant service charges
  • Merchant acquirer debit card market share
  • Debit card merchant service charges
  • Credit card issuer/issuing processor relationships
  • Credit card acquirer/acquiring processor relationships
  • Credit card issuing processor market shares by card numbers
  • Credit card acquiring processor market shares by the number of POS transactions

Appendix IX: Online acquiring

  • Online merchant acquirer market share

Spain Payments Report | Entities Referenced

+Renfe 2gether AirPlus International Alipay Amazon American Express Amex Android Pay Apollo Capital Apple Pay AvantCard Avios Banca Civica Bancaja Banco Bilbao Vizcaya Argentaria Banco Central Banco de Valencia Banco Hispano Americano Banco Mare Nostrum Banco Popular Banco Portugués do Investimento Banco Sabadell Banco Santander Bancopopular-e Banesto Banif Bank of Spain BankAmericard Bankia Bankinter Barclays BBVA BBVA Movil BBVA Wallet BBVAnet Bitcoin Bitcoin Cash Bizum BPI Caixa Laeitana CaixaBank CaixaBank Pay Caja de Ávila Caja Laboral Popular Caja Madrid Caja Rioja Caja Segovia Cajamar Capital One Caprabo Carrefour Financial Services CECA Citi Citicorp Club Ahora CNMC Comercia Global Payments Comisión Nacional de los Mercados y la Competencia Confederación Española de Cajas de Ahorro Cooperative banks Cyberpac Deutsche Bank Diners Club Discover Global Network eBayp insight El Corte Inglés Eos Español de Crédito Ethereum EU EURO 6000 Evo Banco Evo Bank Evo Payments Familia Ferratum Bank Global Payments Google Pay Grupo Caja Rural Iberia Iberia Cards Iberiacards Ikea imaginBank Infantil ING ING iZettle JCB La Caja de Canarias Linea BBVA Litecoin Mastercard MBNA McDonald's Mediamarkt Mercado de San Miguel Mercadona MOMO N26 Nomo Banking PayPal PRICENET PSD2 PSPs PULSE QR Redes y Procesos Redsys Redsys Renfe Repsol Revised Payment Services Directive Revolut Ripple Rodilla Samsung Pay Santander Universidades Santander Wallet Savings banks SEPA SEPA instant credit transfer scheme SERMEPA ServiRed SIBS Sistema 4B Sistema de Tarjetas y Medios de Pago SistemaPay Sol Melia Spanish Confederation of Savings Banks Stellar Lumens SumUp Telefonica Third Party Provider TPP Twyp UniversalPay Värde Partners Visa Visa España Waiap WiZink Zara


Verisk financial reports include detailed market and competitor intelligence on payments cards, e-money, acquiring, retail banking, and consumer credit in Europe. Analysts use primary and secondary source data and conduct in-depth interviews with senior industry executives and finance experts.

See more European country reports or explore cards & payments research reports for 72 markets worldwide.

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