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 for consumers. Bankia, Banco Sabadell and ATM provider Euro 6000 agreed to cap fees at US$0.62 (EUR0.65), effective from January 2016. While this initiative was introduced to protect consumer interests, it is expected to encourage use of payment cards among Spanish consumers.
The emergence of digital-only banks is likely to accelerate the shift towards electronic payments in Spain. The mobile-only imaginBank, launched by CaixaBank in January 2016, provides banking services exclusively through mobile apps and social networks. Through the mobile app, consumers can apply for current accounts, credit cards and consumer loans, manage personal finances and make person-to-person (P2P) payments. Users can also use the imaginBank Facebook application to find out bank balances and view recent transactions.
This report also provides top-level market analysis, information and insights into the Spanish cards and payments industry, including –
Current and forecast values for each market in the Spanish cards and payments industry, including debit, credit and charge cards.
Detailed insights into payment instruments including credit transfers, direct debit, cash transactions, checks and payment cards. It also, includes an overview of the country’s key alternative payment instruments.
E-commerce market analysis and payment methods.
- Analysis of various market drivers and regulations governing the Spanish cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
- Comprehensive analysis of consumer attitudes and buying preferences for cards.
- The competitive landscape in the Spanish cards and payments industry.
- This report provides a comprehensive analysis of the Spanish cards and payments industry.
- It provides current values for the Spanish cards and payments industry for 2016, and forecast figures to 2020.
- It details the different demographic, economic, infrastructural and business drivers affecting the Spanish cards and payments industry.
- It outlines the current regulatory framework in the industry.
- It details marketing strategies used by various banks and other institutions.
Reasons to buy
- Make strategic business decisions, using top-level historic and forecast market data, related to the Spanish cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in the Spanish cards and payments industry.
- Assess the competitive dynamics in the Spanish cards and payments industry.
- Gain insights into marketing strategies used for various card types in Spain.
- Gain insights into key regulations governing the Spanish cards and payments industry.
To know more, click on the link below:
Check Out Similar Reports
Ankur Gupta, Head Marketing & Communications
ankur [@] kenresearch.com