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Learn moreNov 2020
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Usage of credit cards gained popularity, with strong volume and value growth over the review period. These financial cards provide easy and rapid access to credit, without the user having to apply for credit once a limit has been agreed.
Credit cards were aggressively promoted by a number of Spanish banks towards the end of the review period, in particular Santander Consumer Finance, WiZink Bank and Banco Cetelem. This was in response to the great demand for consumer credit, combined with the healthier state of the Spanish economy, which although slowing, continued to achieve one of the strongest growth rates in the EU in the latter years of the review period.
Despite this, credit cards are used relatively frequently for online shopping, especially when buying from foreign-based e-commerce retailers and this is possibly enabling these cards to avoid steeper losses during the pandemic, as more consumers value the convenience and safety of contactless shopping.
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Discover the latest market trends and uncover sources of future market growth for the Credit Card Transactions industry in Spain with research from Euromonitor's team of in-country analysts.
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If you're in the Credit Card Transactions industry in Spain, our research will save you time and money while empowering you to make informed, profitable decisions.
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Euromonitor’s industry reports, including Credit Card Transactions in Spain, originate from our database within our Consumer Finance market share and market size database
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.