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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
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
- 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: Acquiring 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