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Spain Country Report

  • Published Date: July 2019

A comprehensive overview of the cards, payments and consumer banking market 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 back-end 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 percent 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 percent.
  • 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 percent 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.


View the 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

  • 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 number of POS transactions

Appendix IX: Online acquiring

  • Online merchant acquirer market share


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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Available for 72 markets, Verisk Financial Research Country Reports deliver invaluable market and competitor intelligence on payments cards, e-money, acquiring/processing, retail banking, and consumer credit. A dedicated team of analysts and researchers use both primary and secondary source data, and conduct in-depth interviews with senior industry executives and experts.

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