Ken Research - Spain Cards and Payments Market Growth

Spain Cards and Payments Market Growth
GlobalData's "The Cards and Payments Industry in Spain: Emerging Trends and
Opportunities to 2020", 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 credit transfers, direct debit, check payments, payment cards
and cash transactions during the review period (2012-2016).
The report also analyzes various payment card markets operating in the industry, and provides
detailed information on the number of cards in circulation, and transaction values and volumes
during the review period and over the forecast period (2016-2020). It also offers information on
the country's competitive landscape, including the market shares of issuers and schemes.
The report brings together GlobalData's research, modeling, and analysis expertise to allow
banks and card issuers to identify segment dynamics and competitive advantages. The report also
covers details of regulatory policy and recent changes in the regulatory structure.
The uptake of alternative payments among Spanish consumers is gaining traction, with
international payment solution providers launching their solutions in the market-the latest
initiative being the introduction of Apple Pay in December 2016. In January 2016, CaixaBank
signed an agreement with Samsung Electronics to add Samsung Pay to its mobile payment (m-
payment) service. Customers of CaixaBank and its imaginBank subsidiary were the first in Spain
to access the Samsung Pay service. This service is accepted in all stores that accept contactless
payments, with the number of payment terminals amounting to over 600,000.
The Spanish government introduced a new regulation in October 2015, according to which either
a bank or ATM network operator can charge consumers for cash withdrawals, but not both. In
response, banks and ATM network operators amended fee structures to reduce overall charges