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Spain Country Report

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  • Published Date: July 2019

Cards, payments and consumer banking in Spain

What you will learn from this report:

  • How credit card profitability has fared during the economic recovery
  • What interchange caps have meant for the profit pool in Spain
  • Which 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

Spain Cards and Payments Market Key Facts

  • 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 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. 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.
  • 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 new 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 Country Report Table of Contents

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

Appendices: Data

Appendix I: Demographics and the economy

  • Demographic and economic indicators

  • Ownership of key consumer devices

  • Internet usage by population

  • Appendix II: Payments environment

    Appendix III: Cards market

    Appendix V: Profit pool

    Appendix VI: The networks

    Appendix VII: Key retail banks and issuers

    Appendix VIII: Acquiring and processing

    Appendix IX: Online acquiring


    Entities referenced in this report

    +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

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