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The Cards and Payments Industry in Spain: Emerging Trends and Opportunities to 2020

Published By :

Timetric

Published Date : Mar 2016

Category :

Banking

No. of Pages : 67 Pages

Synopsis
Timetrics 'The Cards and Payments Industry in Spain: Emerging Trends and Opportunities to 2020' report provides detailed analysis of market trends in Spain cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments, credit transfers, direct debits, payment cards and cash transactions during the review period (20112015).

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 (20162020). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together Timetrics research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies, recent changes in regulatory structure and profiles of card issuers operating in the country.

Summary
Timetrics 'The Cards and Payments Industry in Spain: Emerging Trends and Opportunities to 2020' report provides top-level market analysis, information and insights into Spain's cards and payments industry, including:

Current and forecast values for each market in Spain cards and payments industry, including debit card, credit and charge cards.

Detailed insights into payment instruments including credit transfers, cash transactions, checks, direct debits and payment cards. It also, includes an overview of the country's key alternative payment instruments.

E-commerce market analysis and online payment types.

Analysis of various market drivers and regulations governing Spain's 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 of Spain's cards and payments industry.

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 2015, and forecast figures to 2020.

It details the different demographic, economic, infrastructural and business drivers affecting Spain's cards and payments industry.

It outlines the current regulatory framework in the industry.

It details marketing strategies used by various banks and other institutions.

It profiles 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 in Spain's cards and payments industry.

Assess the competitive dynamics in Spain's cards and payments industry.

Gain insights into marketing strategies used for various card types in Spain.

Gain insights into key regulations governing Spain's cards and payments industry.

Key Highlights
To increase the uptake of mobile point of sale (mPOS) among small merchants, solution providers are offering terminals at lower costs. One of the latest being the introduction of mPOS solution for SMEs by domestic solution provider, SetPay in July 2015. The solution is compatible with iOS and Android phones, and comes with a chip and PIN reader which can be connected via Bluetooth. In 2013, Banco Santander partnered with a Swedish payment service provider, iZettle to enable self-employed professionals and micro merchants to accept card payments via a smart phone or tablet. This was followed by the launch of the mPOS solution by Banco Sabadell in partnership with Ingenico in the same year. The mPOS terminal was EMV-compliant and accepts contactless payments. The introduction of low-cost solutions is anticipated to encourage merchants to accept card-based payments.

The emergence of digital-only banks is likely to accelerate the shift towards electronic payments in Spain. The mobile-only bank 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, consumer loans; manage their personal finances; and make person-to-person (P2P) payments. The bank also offers banking services on Facebook. Users can use the imaginBank Facebook application to find out their bank balance and view recent transactions.

The uptake of alternative payments among Spanish consumers is gaining traction due to the availability of a number of options such as iupay, Orange Cash, BBVA Wallet and Caixa Wallet. Banks and telecom operators are also investing to offer their customers a choice of payment options, whether in-store, at home or on the move. Most recently in January 2016, CaixaBank signed an agreement with Samsung Electronics to add Samsung Pay to its mobile payment service. Customers of CaixaBank and its subsidiary imaginBank are the first in Spain to access the Samsung Pay service. This service is accepted in all stores that accept contactless payments, with the number amounting to over 600,000 payment terminals. The launch of Samsung Pay is likely to intensify competition in Spains alternative payments market.
Table of Contents
1 Definitions and Methodology
1.1 Definitions
1.2 Methodology
2 Key Facts and Events
3 Executive Summary
4 Payment Instruments
4.1 Current Payment Environment
5 E-Commerce
5.1 E-Commerce Market Analysis
6 Alternative Payments
6.1 Alternative Payment Instruments
6.1.1 Orange Cash
6.1.2 iupay
6.1.3 Kuapay
6.1.4 Teleingreso
6.1.5 BBVA Wallet
6.1.6 Caixa Wallet
6.1.7 Paysafecard
6.1.8 Vodafone SmartPass Wallet
6.1.9 Ukash
6.1.10 Samsung Pay
6.1.11 PayPal
7 Regulations in the Cards and Payments Industry
7.1 Regulatory Framework
7.1.1 Code of conduct for European banking systems
7.1.2 SEPA cards framework
7.1.3 Interchange fee regulation
7.2 Anti-Money Laundering (AML)
7.3 Foreign Direct Investment (FDI) Regulations
8 Analysis of Cards and Payments Industry Drivers
8.1 Demographic Drivers
8.2 Economic Drivers
8.3 Infrastructure Drivers
8.4 Business Drivers
9 Market Segmentation and New Product Launches
9.1 Market Segmentation and Targeting
9.1.1 Consumer cards
9.1.2 Commercial cards
9.2 New Product Launches
10 Payment Cards
10.1 Payment Cards Analysis
10.1.1 Volume and value of payment card transactions by type
10.1.2 Personal vs commercial cards
11 Debit Cards
11.1 Debit Card Market Analysis
11.1.1 Debit card transaction volumes and values by channel
11.1.2 Debit card scheme and issuer shares in terms of transaction value
11.1.3 Debit cards comparison
12 Credit Cards
12.1 Credit Card Market Analysis
12.1.1 Credit card transaction volumes and values by channel
12.1.2 Credit card scheme and issuer shares in terms of transaction value
12.1.3 Credit cards comparison
13 Charge Cards
13.1 Charge Card Market Analysis
13.1.1 Charge card transaction volumes and values by channel
13.1.2 Charge card scheme shares in terms of transaction value
14 Commercial Cards
14.1 Commercial Card Market Analysis
14.1.1 Commercial cards comparison
15 Card Issuers
15.1 CaixaBank
15.2 Banco Bilbao Vizcaya Argentaria (BBVA)
15.3 Bankia
15.4 Banco Santander
15.5 Banco Sabadell
16 Merchant Acquiring
16.1 Merchant Acquiring Market Analysis
17 Appendix
17.1 Tables
17.2 Contact Timetric
17.3 About Timetric
17.4 Timetrics Services
17.5 Disclaimer

List of Tables
Table 1: Key Definitions
Table 2: Annual Average Exchange Rate
Table 3: Spain Key Facts, 2015
Table 4: Regional Benchmarking of Spain Payment Cards, 2015
Table 5: Spain Mode of Entry of Foreign Banks
Table 6: Cards for High-Income Consumers, 2016
Table 7: Cards for Shoppers, 2016
Table 8: Co-branded Cards, 2016
Table 9: Cards for Students and Young Population, 2016
Table 10: Cards for Travelers, 2016
Table 11: Commercial Cards Comparison and Key Features, 2016
Table 12: Spain New Product Launches
Table 13: Spain Debit Cards Comparison and Key Features, 2016
Table 14: Spain Gold Credit Cards Comparison and Key Features, 2016
Table 15: Spain Premium Credit Cards Comparison and Key Features, 2016
Table 16: Spain Commercial Cards Comparison and Key Features, 2016
Table 17: Spain Payment Instrument Transaction Values (EUR Billion), 20112015
Table 18: Spain Payment Instrument Transaction Values (US$ Billion), 20112015
Table 19: Spain Payment Instrument Transaction Volumes (Million), 20112015
Table 20: Spain Number of Payment Cards in Circulation by Type (Million), 20112020
Table 21: Spain Volume of Payment Card Transactions by Type (Million), 20112020
Table 22: Spain Value of Payment Card Transactions by Type (EUR Billion), 20112020
Table 23: Spain Value of Payment Card Transactions by Type (US$ Billion), 20112020
Table 24: Spain Personal and Commercial Card Transaction Volumes (Million), 20112020
Table 25: Spain Personal and Commercial Card Transaction Values (EUR Billion), 20112020
Table 26: Spain Personal and Commercial Card Transaction Values (US$ Billion), 20112020
Table 27: Spain Number of Debit Cards in Circulation (Million), 20112020
Table 28: Spain Debit Card Transaction Volumes and Frequency by Channel, 20112020
Table 29: Spain Debit Card Total and Average Transaction Values by Channel, 20112020
Table 30: Spain Debit Card Total and Average Transaction Values by Channel, 20112020
Table 31: Spain Number of Debit Cards in Circulation by Scheme (Million), 20112015
Table 32: Spain Debit Card Transaction Values by Scheme (EUR Billion), 20112015
Table 33: Spain Debit Card Transaction Values by Scheme (US$ Billion), 20112015
Table 34: Spain Debit Card Transaction Values by Issuer (EUR Billion), 20112015
Table 35: Spain Debit Card Transaction Values by Issuer (US$ Billion), 20112015
Table 36: Spain Number of Credit Cards in Circulation (Million), 20112020
Table 37: Spain Credit Card Transaction Volumes and Frequency by Channel, 20112020
Table 38: Spain Credit Card Total and Average Transaction Values by Channel, 20112020
Table 39: Spain Credit Card Total and Average Transaction Values by Channel, 20112020
Table 40: Spain Number of Credit Cards in Circulation by Scheme (Million), 20112015
Table 41: Spain Credit Card Transaction Values by Scheme (EUR Billion), 20112015
Table 42: Spain Credit Card Transaction Values by Scheme (US$ Billion), 20112015
Table 43: Spain Pay Later Card Transaction Values by Issuer (EUR Billion), 20112015
Table 44: Spain Pay Later Card Transaction Values by Issuer (US$ Billion), 20112015
Table 45: Spain Number of Charge Cards in Circulation (Million), 20112020
Table 46: Spain Charge Card Transaction Volumes and Frequency by Channel, 20112020
Table 47: Spain Charge Card Total and Average Transaction Values by Channel, 20112020
Table 48: Spain Charge Card Total and Average Transaction Values by Channel, 20112020
Table 49: Spain Number of Charge Cards in Circulation by Scheme (Million), 20112015
Table 50: Spain Charge Card Transaction Values by Scheme (EUR Billion), 20112015
Table 51: Spain Charge Card Transaction Values by Scheme (US$ Billion), 20112015
Table 52: Spain Number of Commercial Cards in Circulation (Million), 20112020
Table 53: Spain Commercial Card Transaction Values (EUR Billion), 20112020
Table 54: Spain Commercial Card Transaction Values (US$ Billion), 20112020
Table 55: Spain Merchant Acquiring Transaction Volumes by Channel (Billion), 20112020
Table 56: Spain Merchant Acquiring Transaction Values (EUR Billion), 20112020
Table 57: Spain Merchant Acquiring Transaction Values (US$ Billion), 20112020
Table 58: Spain Acquirers Transaction Volumes (Million), 20112015
Table 59: Spain Acquirers Transaction Values (EUR Billion), 20112015
Table 60: Spain Acquirers Transaction Values (US$ Billion), 20112015
Table 61: Spain Retail Outlets and Merchant Accounts (Thousand), 20112020

List of Figures
Figure 1: Spain Payment Instrument Shares by Transaction Value (%), 2011 and 2015
Figure 2: Spain Payment Instrument Shares by Transaction Volume (%), 2011 and 2015
Figure 3: Spain E-Commerce Value (US$ Billion) and Payment Types (%)
Figure 4: Spain Total Population and Structure
Figure 5: Spain Economic Indicators, 20112020
Figure 6: Spain Number of ATMs, POS Terminals and Number of Bank Branches
Figure 7: Spain Real Household Consumption, 20112020
Figure 8: Spain Segmentation by Card Type, 2016
Figure 9: Spain Growth in Payment Card Transaction Values and Number of Cards in Circulation by Type, 20112020
Figure 10: Spain Volume and Value of Payment Card Transactions by Type (%), 20112020
Figure 11: Spain Personal and Commercial Card, Transaction Volumes and Values (%), 20112020
Figure 12: Spain Growth in Debit Card Transaction Values and Number of Debit Cards in Circulation, 20112020
Figure 13: Spain Pay Now, Average Interchange Fees: Intra-Network Transactions (%), 20112014
Figure 14: Spain Pay Now, Average Merchant Service Charge: Domestic Transactions (%), 20112019
Figure 15: Spain Debit Card Transaction Volumes and Values by Channel, 20112020
Figure 16: Spain Debit Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2015
Figure 17: Spain Growth in Credit Card Transaction Values and Number of Credit Cards in Circulation, 20112020
Figure 18: Spain Pay Later, Average Interchange Fees: Intra-Network Transactions (%), 20112014
Figure 19: Spain Pay Later, Average Merchant Service Charge: Domestic Transactions (%), 20112019
Figure 20: Spain Credit Card Transaction Volumes and Values by Channel, 20112020
Figure 21: Spain Credit Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2015
Figure 22: Spain Growth in Charge Card Transaction Values and Number of Charge Cards in Circulation, 20112020
Figure 23: Spain Charge Card Transaction Volumes and Values by Channel, 20112020
Figure 24: Spain Charge Card Scheme Shares in Terms of Transaction Value (%), 2015
Figure 25: Spain Number of Commercial Cards in Circulation and Transaction Value, 20112020
Figure 26: Spain Merchant Acquiring Transaction Volume and Value, 20112020
Figure 27: Spain Acquirers Market Share in Terms of Transaction Volume and Value (%), 2014
Figure 28: Spain Number of Retail Outlets and Total Merchant Accounts (Thousand), 20112020

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