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Spains Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape

Published By :

Timetric

Published Date : Mar 2014

Category :

Banking

No. of Pages : 109 Pages


Synopsis

The report provides top-level market analysis, information and insights on Spain\'s cards and payments industry, including:

  • Current and forecast values for each category of Spain\'s cards and payments industry, including debit cards, credit cards, charge cards and prepaid cards
  • Comprehensive analysis of the industry’s market attractiveness and future growth areas
  • Analysis of various market drivers and regulations governing Spain\'s cards and payments industry
  • Detailed analysis of the marketing strategies adopted for selling debit, credit, prepaid and charge cards used by banks and other institutions in the market
  • Comprehensive analysis of consumer attitudes and buying preferences for cards
  • The competitive landscape of Spain\'s cards and payments industry

Executive summary

The economic crisis and conservative consumer spending has hindered growth in Spain, both in terms of number of cards in circulation, and values of all card categories during the review period (2008–2012). However, with the anticipated recovery of the Spanish economy, the card payments channel is expected to recover over the forecast period (2013–2017). In terms of number of cards in circulation, the prepaid cards category is expected to show the highest growth. Closed-loop prepaid cards are expected to be the most promising segment in terms of growth, as both retail and corporate users look to manage expenditure.

Growth in terms of transaction value in all card categories, except credit cards, was impaired during the review period by restricted consumer spending following the financial crisis and subsequent austerity measures. The overall card payments channel declined at a review-period compound annual growth rate (CAGR) of 0.37% in terms of transaction value.

Anticipated improvements in economic indicators such as inflation, GDP and per capita income are expected to support card volume growth over the forecast period. Banks’ attempts to inject fresh funds to stimulate growth are also expected to improve credit availability in the economy. Conservative consumer spending is, however, expected to continue over the forecast period, increasing demand for prepaid cards.

Mobile payments are expected to provide scope for growth for card-based payments, and mobile payments posted at a CAGR of 131.38% during the review period. The positive growth of mobile phone users and the growing popularity of smartphones have led to robust growth in mobile payments.

Scope

  • This report provides a comprehensive analysis of Spain\'s cards and payments industry.
  • It provides current values for Spain\'s cards and payments industry for 2012, and forecast figures for 2017.
  • It details the different economic, infrastructural and business drivers affecting Spain\'s cards and payments industry.
  • It outlines the current regulatory framework in the industry.
  • It details the marketing strategies used by various banks and other institutions.
  • It profiles the major banks in Spain\'s cards and payments industry.

Reasons to buy

  • Make strategic business decisions using top-level historic and forecast market data related to Spain\'s cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities within Spain\'s cards and payments industry.
  • Assess the competitive dynamics in Spain\'s cards and payments industry.
  • Gain insights into the marketing strategies used for selling various types of cards in Spain’s cards and payments industry.
  • Gain insights into key regulations governing Spain\'s cards and payments industry.

Key highlights

  • The card payments channel recorded a decline during the review period, primarily due to the impact of the global economic slowdown and the eurozone debt crisis. In terms of number of cards in circulation, the channel recorded a CAGR of -3.34%, falling from 81.1 million in 2008 to 70.8 million in 2012.
  • The overall card payments channel declined at a review-period compound annual growth rate (CAGR) of 0.37% in terms of transaction value, with the debit, charge and prepaid card categories recording CAGRs of 0.61%, -0.05%, -12.07% and -19.24% respectively, while the credit cards category recorded a CAGR of 0.71%.
  • Mobile payments are expected to provide scope for growth for card-based payments, and mobile payments posted at a CAGR of 131.38% during the review period. The positive growth of mobile phone users and the growing popularity of smartphones have led to robust growth in mobile payments.
  • E-commerce value increased from EUR6.6 billion (US$9.7 billion) in 2008 to EUR12.8 billion (US$16.5 billion) in 2012, at a review-period CAGR of 18.06%. Growth in e-commerce has resulted in banks adding online functionality to their card products.
Table of contents

1 Executive Summary

2 Analysis of Market Environment, Key Trends and Drivers
2.1 Payment Infrastructure and Emerging Technologies
2.1.1 Rising internet penetration
2.1.2 Growing mobile payments
2.1.3 Emergence of EMV (Europay, MasterCard, Visa) infrastructure
2.1.4 Automated teller machines (ATMs)
2.1.5 Point of sale (POS) terminals
2.2 Business Drivers
2.2.1 Growth in retail industry
2.2.2 Growth in e-commerce
2.3 Economic Drivers
2.3.1 GDP
2.3.2 GDP per capita
2.3.3 Inflation

3 Cards and Payments Industry Share Analysis
3.1 Industry Overview
3.1.1 Cash
3.1.2 Checks
3.1.3 Card payments
3.1.4 Credit transfer
3.1.5 Direct debit

4 Regulatory Framework and Card Fraud Statistics
4.1 Regulatory Framework
4.1.1 Code of conduct for European banking systems
4.1.2 Regulations affecting the determination of interchange fees
4.1.3 SEPA cards framework
4.1.4 Foreign direct investment (FDI) regulations
4.2 Card Fraud Statistics
4.2.1 Card-not-present fraud
4.2.2 Counterfeit card
4.2.3 Cards lost or stolen
4.2.4 Card ID theft

5 Emerging Consumer Attitudes and Trends
5.1 Industry Segmentation and Targeting
5.1.1 Retail segment
5.1.2 Corporate segment
5.2 Travel and Tourism Spending
5.2.1 Outbound tourist trips
5.2.2 Outbound tourist spending
5.3 Retail Card Spending
5.3.1 Analysis by product categories
5.3.2 Analysis by retail channel

6 Analysis of Card Payments and Growth Prospects
6.1 Channel Share Analysis by Card Category
6.2 Size and Forecast of the Card Payments Channel
6.2.1 Analysis by number of cards in circulation
6.2.2 Analysis by transaction value

7 Analysis of Credit Card Payments and Growth Prospects
7.1 Overall Category Size and Forecast
7.1.1 Analysis by number of cards in circulation
7.1.2 Analysis by transaction value
7.1.3 Analysis by transaction volume
7.2 Transaction Share Analysis by Channel
7.2.1 Analysis by transaction value
7.2.2 Analysis by transaction volume
7.3 Personal Credit Cards Segment Size and Forecast
7.3.1 Analysis by number of cards in circulation
7.3.2 Analysis by transaction value
7.3.3 Analysis by transaction volume
7.4 Commercial Credit Cards Segment Size and Forecast
7.4.1 Analysis by number of cards in circulation
7.4.2 Analysis by transaction value
7.4.3 Analysis by transaction volume
7.5 Competitive Landscape
7.5.1 Scheme share analysis
7.5.2 Issuer share analysis

8 Analysis of Debit Card Payments and Growth Prospects
8.1 Overall Category Size and Forecast
8.1.1 Analysis by number of cards in circulation
8.1.2 Analysis by transaction value
8.1.3 Analysis by transaction volume
8.2 Transaction Share Analysis by Channel
8.2.1 Analysis by transaction value
8.2.2 Analysis by transaction volume
8.3 Competitive Landscape
8.3.1 Scheme share analysis
8.3.2 Issuer share analysis

9 Analysis of Charge Card Payments and Growth Prospects
9.1 Overall Category Size and Forecast
9.1.1 Analysis by number of cards in circulation
9.1.2 Analysis by transaction value
9.1.3 Analysis by transaction volume
9.2 Transaction Share Analysis by Channel
9.2.1 Analysis by transaction value
9.2.2 Analysis by transaction volume
9.3 Personal Charge Cards Segment Size and Forecast
9.3.1 Analysis by number of cards in circulation
9.3.2 Analysis by transaction value
9.3.3 Analysis by transaction volume
9.4 Commercial Charge Cards Segment Size and Forecast
9.4.1 Analysis by number of cards in circulation
9.4.2 Analysis by transaction value
9.4.3 Analysis by transaction volume
9.5 Competitive Landscape
9.5.1 Scheme share analysis
9.5.2 Issuer share analysis

10 Analysis of Prepaid Card Payments and Growth Prospects
10.1 Overall Category Size and Forecast
10.1.1 Analysis by number of cards in circulation
10.1.2 Analysis by transaction value
10.2 Open-Loop Prepaid Cards Segment Size and Forecast
10.2.1 Analysis by number of cards in circulation
10.2.2 Analysis by transaction value
10.3 Closed-Loop Prepaid Cards Segment Size and Forecast
10.3.1 Analysis by number of cards in circulation
10.3.2 Analysis by transaction value

11 Merchant Acquiring
11.1 Merchant Acquirers in Spain
11.2 Company Profiling in Spain

12 Company Profiles of Card Issuers
12.1 Bankia
12.1.1 Key financials
12.1.2 Card portfolio
12.1.3 Strategies
12.2 CaixaBank
12.2.1 Key financials
12.2.2 Card portfolio
12.2.3 Strategies
12.3 Banco Popular
12.3.1 Key financials
12.3.2 Card portfolio
12.3.3 Strategies
12.4 Banco Sabadell
12.4.1 Key financials
12.4.2 Card portfolio
12.4.3 Strategies
12.5 Bankinter
12.5.1 Key financials
12.5.2 Card portfolio
12.5.3 Strategies

13 Appendix
13.1 Methodology
13.2 Contact Timetric
13.3 About Timetric
13.4 Timetric\'s Services
13.5 Definitions
13.6 Disclaimer

List of Table

Table 1: Spain - Payment Channels (EUR Billion), 2008-2012
Table 2: Spain - Market Entry Strategies of Foreign Banks
Table 3: Spain - Card Fraud (EUR Million), 2008-2012
Table 4: Spain - Co-branded Cards Offered by Various Banks
Table 5: Spain - Prepaid Cards Offered by Various Banks
Table 6: Spain - Cards Offered by Various Banks for HNWIs
Table 7: Spain - Cards Offered by Various Banks for Motorway Tolls
Table 8: Spain - Solidarity Cards Offered by Various Banks
Table 9: Spain - Cards Offered for Micro Enterprises and Self Employed by Various Banks
Table 10: Spain - Consumer Card Spending by Product Category (EUR Million), 2008 and 2012
Table 11: Spain - Consumer Card Spending by Retail Channel (EUR Million), 2008 and 2012
Table 12: Spain - Card Payments Channel by Card Category (Million), 2008-2017
Table 13: Spain - Card Payments Channel Size by Volume of Cards (Million), 2008-2017
Table 14: Spain - Card Payments Channel Size by Transaction Value (EUR Billion), 2008-2017
Table 15: Spain - Card Payments Channel Size by Transaction Value (US$ Billion), 2008-2017
Table 16: Spain - Credit Cards Category Size by Volume of Cards (Million), 2008-2017
Table 17: Spain - Credit Cards Category Size by Transaction Value (EUR Billion), 2008-2017
Table 18: Spain - Credit Cards Category Size by Transaction Value (US$ Billion), 2008-2017
Table 19: Spain - Credit Cards Category Size by Transaction Volume (Million), 2008-2017
Table 20: Spain - Personal Credit Cards Segment Size by Volume of Cards (Million), 2008-2017
Table 21: Spain - Personal Credit Cards Segment Size by Transaction Value (EUR Billion), 2008-2017
Table 22: Spain - Personal Credit Cards Segment Size by Transaction Value (US$ Billion), 2008-2017
Table 23: Spain - Personal Credit Cards Segment Size by Number of Transactions (Million), 2008-2017
Table 24: Spain - Commercial Credit Cards Segment Size by Volume of Cards (Million), 2008-2017
Table 25: Spain - Commercial Credit Cards Segment Size by Transaction Value (EUR Billion), 2008-2017
Table 26: Spain - Commercial Credit Cards Segment Size by Transaction Value (US$ Billion), 2008-2017
Table 27: Spain - Commercial Credit Cards Segment Size by Number of Transactions (Million), 2008-2017
Table 28: Spain - Debit Cards Category Size by Volume of Cards (Million), 2008-2017
Table 29: Spain - Debit Cards Category Size by Transaction Value (EUR Billion), 2008-2017
Table 30: Spain - Debit Cards Category Size by Transaction Value (US$ Billion), 2008-2017
Table 31: Spain - Debit Cards Category Size by Transaction Volume (Billion), 2008-2017
Table 32: Spain - Charge Cards Category Size by Volume of Cards (Million), 2008-2017
Table 33: Spain - Charge Cards Category Size by Transaction Value (EUR Billion), 2008-2017
Table 34: Spain - Charge Cards Category Size by Transaction Value (US$ Billion), 2008-2017
Table 35: Spain - Charge Cards Category Size by Transaction Volume (Million), 2008-2017
Table 36: Spain - Personal Charge Cards Segment Size by Volume of Cards (Million), 2008-2017
Table 37: Spain - Personal Charge Cards Segment Size by Transaction Value (EUR Billion), 2008-2017
Table 38: Spain - Personal Charge Cards Segment Size by Transaction Value (US$ Billion), 2008-2017
Table 39: Spain - Personal Charge Cards Segment Size by Transaction Volume (Million), 2008-2017
Table 40: Spain - Commercial Charge Cards Segment Size by Volume of Cards (Million), 2008-2017
Table 41: Spain - Commercial Charge Cards Segment Size by Transaction Value (EUR Billion), 2008-2017
Table 42: Spain - Commercial Charge Cards Segment Size by Transaction Value (US$ Billion), 2008-2017
Table 43: Spain - Commercial Charge Cards Segment Size by Transaction Volume (Million), 2008-2017
Table 44: Spain - Prepaid Cards Category Size by Volume of Cards (Million), 2008-2017
Table 45: Spain - Prepaid Cards Category Size by Transaction Value (EUR Million), 2008-2017
Table 46: Spain - Prepaid Cards Category Size by Transaction Value (US$ Million), 2008-2017
Table 47: Spain - Open-Loop Prepaid Cards Segment Size by Volume of Cards (Thousand), 2008-2017
Table 48: Spain - Open-Loop Prepaid Cards Segment Size by Transaction Value (EUR Million), 2008-2017
Table 49: Spain - Open-Loop Prepaid Cards Segment Size by Transaction Value (US$ Million), 2008-2017
Table 50: Spain - Closed-Loop Prepaid Cards Segment Size by Volume of Cards (Million), 2008-2017
Table 51: Spain - Closed-Loop Prepaid Cards Segment Size by Transaction Value (EUR Million), 2008-2017
Table 52: Spain - Closed-Loop Prepaid Cards Segment Size by Transaction Value (US$ Million), 2008-2017
Table 53: Bankia - Key Financial Indicators (EUR Billion), Year Ended December, 2011-2012
Table 54: Bankia - Card Portfolio and Key Features
Table 55: CaixaBank - Key Financial Indicators (EUR Billion), Year Ended December, 2011-2012
Table 56: CaixaBank - Card Portfolio and Key Features
Table 57: Banco Popular Key Financial Indicators (EUR Billion), Year Ended December, 2011-2012
Table 58: Banco Popular - Card Portfolio and Key Features
Table 59: Banco Sabadell Key Financial Indicators (EUR Million), Year Ended December, 2011-2012
Table 60: Banco Sabadell - Card Portfolio and Key Features
Table 61: Bankinter Key Financial Indicators (EUR Million), Year Ended December, 2011-2012
Table 62: Bankinter - Card Portfolio and Key Features
Table 63: Key Definitions

List of Chart

Figure 1: Spain - Benchmarking Payment Cards Channel Against Other Regional Markets
Figure 2: Spain - Current and Future Growth Prospects of the Closed-Loop Prepaid Cards Segment
Figure 3: Spain - Growth of Various Card Categories (%), 2008-2017
Figure 4: Spain - Internet Penetration (Users per 100 Inhabitants), 2008-2017
Figure 5: Spain - Value of M-Payments Growth (EUR Million), 2008-2017
Figure 6: Spain - EMV Cards Volume (Thousand), 2008-2012
Figure 7: Spain - ATM Penetration, 2008-2017
Figure 8: Spain - POS Penetration, 2008-2017
Figure 9: Spain - Value of Retail Sales (EUR Billion), 2008-2017
Figure 10: Spain - E-commerce Value (EUR Billion), 2008-2017
Figure 11: Spain - Real GDP Growth (%), 2008-2017
Figure 12: Spain - Nominal GDP Per Capita (US$), 2008-2017
Figure 13: Spain - Inflation Rate, (%), 2008-2017
Figure 14: Spain - Shares of Payment Channels (%), 2008 and 2012
Figure 15: Spain - Various Types of Card Fraud (%), 2008 and 2012
Figure 16: Spain - Card-Not-Present Fraud Value (EUR Million), 2008-2012
Figure 17: Spain - Counterfeit Card Fraud Value (EUR Million), 2008-2012
Figure 18: Spain - Lost or Stolen Card Fraud Value (EUR Million), 2008-2012
Figure 19: Spain - Card ID Theft Value (EUR Million), 2008-2012
Figure 20: Spain - Cards and Payments Industry Segmentation by Card Type
Figure 21: Spain - Volume of Outbound Business Trips (Thousand), 2008-2017
Figure 22: Spain - Volume of Outbound Tourist Trips (Thousand), 2008-2017
Figure 23: Spain - Outbound Tourist Spending (EUR Million), 2008-2017
Figure 24: Spain - Consumer Card Spending by Product Category (%), 2012
Figure 25: Spain - Consumer Card Spending by Retail Channel (%), 2012
Figure 26: Spain - Card Payments Channel by Card Category (%), 2008-2017
Figure 27: Spain - Card Payments Channel Size by Volume of Cards (Million), 2008-2017
Figure 28: Spain - Card Payments Channel Size by Transaction Value (EUR Billion), 2008-2017
Figure 29: Spain - Credit Cards Category Volume and Penetration, 2008-2017
Figure 30: Spain - Credit Cards Category Size by Volume of Cards (Million), 2008-2017
Figure 31: Spain - Credit Cards Category Size by Transaction Value (EUR Billion), 2008-2017
Figure 32: Spain - Cards Category Size by Transaction Volume (Million), 2008-2017
Figure 33: Spain - Credit Cards Category Transaction Value Share Analysis by Channel (EUR Billion), 2008-2017
Figure 34: Spain - Credit Cards Transaction Volume Share Analysis by Channel (Million), 2008-2017
Figure 35: Spain - Personal Credit Cards Segment Size by Volume of Cards (Million), 2008-2017
Figure 36: Spain - Personal Credit Cards Segment Size by Transaction Value (EUR Billion), 2008-2017
Figure 37: Spain - Personal Credit Cards Segment Size by Number of Transactions (Million), 2008-2017
Figure 38: Spain - Commercial Credit Cards Segment Size by Volume of Cards (Thousand), 2008-2017
Figure 39: Spain - Commercial Credit Cards Segment Size by Transaction Value (EUR Million), 2008-2017
Figure 40: Spain - Commercial Credit Cards Segment Size by Number of Transactions (Million), 2008-2017
Figure 41: Spain - Credit Cards Category Share by Scheme (%), 2012
Figure 42: Spain - Credit Cards Category Share by Issuer (%), 2012
Figure 43: Spain - Debit Cards Category Volume and Penetration, 2008-2017
Figure 44: Spain - Debit Cards Category Size by Volume of Cards (Million), 2008-2017
Figure 45: Spain - Debit Cards Category Size by Transaction Value (EUR Billion), 2008-2017
Figure 46: Spain - Debit Cards Category Size by Transaction Volume (Million), 2008-2017
Figure 47: Spain - Debit Cards Category Transaction Value Share Analysis by Channel (EUR Billion), 2008-2017
Figure 48: Spain - Debit Cards Transaction Volume Share Analysis by Channel (Million), 2008-2017
Figure 49: Spain - Debit Cards Category Share by Scheme (%), 2012
Figure 50: Spain - Debit Cards Category Share by Issuer (%), 2012
Figure 51: Spain - Charge Cards Category Volume and Penetration, 2008-2017
Figure 52: Spain - Charge Cards Category Size by Volume of Cards (Million), 2008-2017
Figure 53: Spain - Charge Cards Category Size by Transaction Value (EUR Billion), 2008-2017
Figure 54: Spain - Charge Cards Category Size by Transaction Volume (Million), 2008-2017
Figure 55: Spain - Charge Cards Transaction Value Share Analysis by Channel (EUR Billion), 2008-2017
Figure 56: Spain - Charge Cards Transaction Volume Share Analysis by Channel (Million), 2008-2017
Figure 57: Spain - Personal Charge Cards Segment Size by Volume of Cards (Million), 2008-2017
Figure 58: Spain - Personal Charge Cards Segment Size by Transaction Value (EUR Billion), 2008-2017
Figure 59: Spain - Personal Charge Cards Segment Size by Transaction Volume (Million), 2008-2017
Figure 60: Spain - Commercial Charge Cards Segment Size by Volume of Cards (Million), 2008-2017
Figure 61: Spain - Commercial Charge Cards Segment Size by Transaction Value (EUR Billion), 2008-2017
Figure 62: Spain - Commercial Charge Cards Segment Size by Transaction Volume (Million), 2008-2017
Figure 63: Spain - Charge Cards Category Share by Scheme (%), 2012
Figure 64: Spain - Charge Cards Category Share by Issuer (%), 2012
Figure 65: Spain - Prepaid Cards Category Volume and Penetration, 2008-2017
Figure 66: Spain - Prepaid Cards Category Size by Volume of Cards (Million), 2008-2017
Figure 67: Spain - Prepaid Cards Category Size by Transaction Value (EUR Million), 2008-2017
Figure 68: Spain - Open-Loop Prepaid Cards Segment Size by Volume of Cards (Thousand), 2008-2017
Figure 69: Spain - Open-Loop Prepaid Cards Segment Size by Transaction Value (EUR Million), 2008-2017
Figure 70: Spain - Closed-Loop Prepaid Cards Segment Size by Volume of Cards (Million), 2008-2017
Figure 71: Spain - Closed-Loop Prepaid Cards Segment Size by Transaction Value (EUR Million), 2008-2017
Figure 72: Spain - Merchant Acquirer Market Shares (%), 2012

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