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Country Report

Credit Card Transactions in

Credit Cards in Spain

24 pages, Oct 2017

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Spanish habit of not using the deferred credit function of credit cards is changing

In Spain, the common practice previously was to use credit cards just like charge or debit cards, paying for all purchases in only one payment at the end of the month; however, this is starting to change and is expected to continue to do so in the first few years of the forecast period. These changes are due to the new economic environment with an increase in consumption and the necessity of deferring payments by cardholders, as the average salary in Spain is not high.

Credit levels to increase over the forecast period, but high interest rates will curtail growth

Therefore, in a short time, if growth continues at a similar rate, the total debt from credit cards with deferred payments is expected to reach around EUR10.0 billion in 2020, according to industry sources.

Commercial credit cards record growth but still have a low presence

Commercial credit cards recorded growth in 2017, but they still do not have a strong presence in comparison with personal credit cards. Companies have many options for quick credit and they prefer charge cards.

COMPETITIVE LANDSCAPE

Credit cards a key strategy for traditional banks to recover revenues

On the issuer side, the economic crisis resulted in some changes to the ways banks conducted business. They lost the majority of their main product (mortgages) and they had to look for new income.

Credit cards generate revenue

When opening a bank account, in most cases, banks offer consumers a credit card for free (at least for the first year) with some rewards. Their intention is customers use them to make purchases with deferred payments, which is the way they obtain benefits due to the interest rates being very high.

New players gain a foothold

During the last few years of the review period, many new companies entered credit cards, which has had a large influence on the competition between traditional banks and new express credit companies. In order to not lose out, traditional banks have created their own e-banks, which operate in a less complicated way for customers.

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Overview

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Charge Cards in Spain - Category analysis

Charge Cards in Spain - Company Profile

HEADLINES

PROSPECTS

Personal charge cards record growth, but at a lower rate than before

More control with charge cards

Commercial charge cards recover figures

COMPETITIVE LANDSCAPE

American Express under pressure

Visa extends its advantage over MasterCard International

Competition between players will affect the types of cards available

CATEGORY DATA

Table 1 Charge Cards: Number of Cards in Circulation 2012-2017
Table 2 Charge Cards Transactions 2012-2017
Table 3 Charge Cards in Circulation: % Growth 2012-2017
Table 4 Charge Cards Transactions: % Growth 2012-2017
Table 5 Commercial Charge Cards: Number of Cards in Circulation 2012-2017
Table 6 Commercial Charge Cards Transactions 2012-2017
Table 7 Commercial Charge Cards in Circulation: % Growth 2012-2017
Table 8 Commercial Charge Cards Transactions: % Growth 2012-2017
Table 9 Personal Charge Cards: Number of Cards in Circulation 2012-2017
Table 10 Personal Charge Cards Transactions 2012-2017
Table 11 Personal Charge Cards in Circulation: % Growth 2012-2017
Table 12 Personal Charge Cards Transactions: % Growth 2012-2017
Table 13 Charge Cards: Number of Cards by Issuer 2012-2016
Table 14 Charge Cards: Number of Cards by Operator 2012-2016
Table 15 Charge Cards Payment Transaction Value by Issuer 2012-2016
Table 16 Charge Cards Payment Transaction Value by Operator 2012-2016
Table 17 Commercial Charge Cards: Number of Cards by Issuer 2012-2016
Table 18 Commercial Charge Cards: Number of Cards by Operator 2012-2016
Table 19 Commercial Charge Cards Payment Transaction Value by Issuer 2012-2016
Table 20 Commercial Charge Cards Payment Transaction Value by Operator 2012-2016
Table 21 Personal Charge Cards: Number of Cards by Issuer 2012-2016
Table 22 Personal Charge Cards: Number of Cards by Operator 2012-2016
Table 23 Personal Charge Cards Transaction Value by Issuer 2012-2016
Table 24 Personal Charge Cards Transaction Value by Operator 2012-2016
Table 25 Forecast Charge Cards: Number of Cards in Circulation 2017-2022
Table 26 Forecast Charge Cards Transactions 2017-2022
Table 27 Forecast Charge Cards in Circulation: % Growth 2017-2022
Table 28 Forecast Charge Cards Transactions: % Growth 2017-2022
Table 29 Forecast Commercial Charge Cards: Number of Cards in Circulation 2017-2022
Table 30 Forecast Commercial Charge Cards Transactions 2017-2022
Table 31 Forecast Commercial Charge Cards in Circulation: % Growth 2017-2022
Table 32 Forecast Commercial Charge Cards Transactions: % Growth 2017-2022
Table 33 Forecast Personal Charge Cards: Number of Cards in Circulation 2017-2022
Table 34 Forecast Personal Charge Cards Transactions 2017-2022
Table 35 Forecast Personal Charge Cards in Circulation: % Growth 2017-2022
Table 36 Forecast Personal Charge Cards Transactions: % Growth 2017-2022

Credit Cards in Spain - Category analysis

Credit Cards in Spain - Company Profile

HEADLINES

PROSPECTS

Spanish habit of not using the deferred credit function of credit cards is changing

Credit levels to increase over the forecast period, but high interest rates will curtail growth

Commercial credit cards record growth but still have a low presence

COMPETITIVE LANDSCAPE

Credit cards a key strategy for traditional banks to recover revenues

Credit cards generate revenue

New players gain a foothold

CATEGORY DATA

Table 37 Credit Cards: Number of Cards in Circulation 2012-2017
Table 38 Credit Cards Transactions 2012-2017
Table 39 Credit Cards in Circulation: % Growth 2012-2017
Table 40 Credit Cards Transactions: % Growth 2012-2017
Table 41 Commercial Credit Cards: Number of Cards in Circulation 2012-2017
Table 42 Commercial Credit Cards Transactions 2012-2017
Table 43 Commercial Credit Cards in Circulation: % Growth 2012-2017
Table 44 Commercial Credit Cards Transactions: % Growth 2012-2017
Table 45 Personal Credit Cards: Number of Cards in Circulation 2012-2017
Table 46 Personal Credit Cards Transactions 2012-2017
Table 47 Personal Credit Cards in Circulation: % Growth 2012-2017
Table 48 Personal Credit Cards Transactions: % Growth 2012-2017
Table 49 Credit Cards: Number of Cards by Issuer 2012-2016
Table 50 Credit Cards: Number of Cards by Operator 2012-2016
Table 51 Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 52 Credit Cards Payment Transaction Value by Operator 2012-2016
Table 53 Commercial Credit Cards: Number of Cards by Issuer 2012-2016
Table 54 Commercial Credit Cards: Number of Cards by Operator 2012-2016
Table 55 Commercial Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 56 Commercial Credit Cards Payment Transaction Value by Operator 2012-2016
Table 57 Personal Credit Cards: Number of Cards by Issuer 2012-2016
Table 58 Personal Credit Cards: Number of Cards by Operator 2012-2016
Table 59 Personal Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 60 Personal Credit Cards Payment Transaction Value by Operator 2012-2016
Table 61 Forecast Credit Cards: Number of Cards in Circulation 2017-2022
Table 62 Forecast Credit Cards Transactions 2017-2022
Table 63 Forecast Credit Cards in Circulation: % Growth 2017-2022
Table 64 Forecast Credit Cards Transactions: % Growth 2017-2022
Table 65 Forecast Commercial Credit Cards: Number of Cards in Circulation 2017-2022
Table 66 Forecast Commercial Credit Cards Transactions 2017-2022
Table 67 Forecast Commercial Credit Cards in Circulation: % Growth 2017-2022
Table 68 Forecast Commercial Credit Cards Transactions: % Growth 2017-2022
Table 69 Forecast Personal Credit Cards: Number of Cards in Circulation 2017-2022
Table 70 Forecast Personal Credit Cards Transactions 2017-2022
Table 71 Forecast Personal Credit Cards in Circulation: % Growth 2017-2022
Table 72 Forecast Personal Credit Cards Transactions: % Growth 2017-2022

Debit Cards in Spain - Category analysis

Debit Cards in Spain - Company Profile

HEADLINES

PROSPECTS

Debit cards becoming a new favourite among Spanish consumers

Split by age groups

Increasing use of contactless payments

COMPETITIVE LANDSCAPE

Strong competition between financial institutions within debit cards

Visa and MasterCard International are almost the only issuers in Spain

Debit card as a way to gain credit card customers

CATEGORY DATA

Table 73 Debit Cards: Number of Cards in Circulation 2012-2017
Table 74 Debit Cards Transactions 2012-2017
Table 75 Debit Cards in Circulation: % Growth 2012-2017
Table 76 Debit Cards Transactions: % Growth 2012-2017
Table 77 Debit Cards: Number of Cards by Issuer 2012-2016
Table 78 Debit Cards: Number of Cards by Operator 2012-2016
Table 79 Debit Cards Payment Transaction Value by Issuer 2012-2016
Table 80 Debit Cards Payment Transaction Value by Operator 2012-2016
Table 81 Forecast Debit Cards: Number of Cards in Circulation 2017-2022
Table 82 Forecast Debit Cards Transactions 2017-2022
Table 83 Forecast Debit Cards in Circulation: % Growth 2017-2022
Table 84 Forecast Debit Cards Transactions: % Growth 2017-2022

Pre-Paid Cards in Spain - Category analysis

Pre-Paid Cards in Spain - Company Profile

HEADLINES

PROSPECTS

Safety and availability key drivers for pre-paid cards, but open loop to remain a niche

Closed loop transport pre-paid cards are gaining ground

COMPETITIVE LANDSCAPE

Transport pre-paid cards characterised by a range of players

Pre-paid card features help to increase competition

Different key strategies from issuers in order to make pre-paid cards more attractive

CATEGORY DATA

Table 85 Pre-paid Cards: Number of Cards in Circulation 2012-2017
Table 86 Pre-paid Cards Transactions 2012-2017
Table 87 Pre-paid Cards in Circulation: % Growth 2012-2017
Table 88 Pre-paid Cards Transactions: % Growth 2012-2017
Table 89 Closed Loop Pre-paid Cards Transactions 2012-2017
Table 90 Closed Loop Pre-paid Cards Transactions: % Growth 2012-2017
Table 91 Open Loop Pre-paid Cards Transactions 2012-2017
Table 92 Open Loop Pre-paid Cards Transactions: % Growth 2012-2017
Table 93 Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 94 Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 95 Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 96 Pre-paid Cards Transaction Value by Operator 2012-2016
Table 97 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 98 Closed Loop Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 99 Closed Loop Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 100 Closed Loop Pre-paid Cards Transaction Value by Operator 2012-2016
Table 101 Open Loop Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 102 Open Loop Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 103 Open Loop Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 104 Open Loop Pre-paid Cards Transaction Value by Operator 2012-2016
Table 105 Forecast Pre-paid Cards: Number of Cards in Circulation 2017-2022
Table 106 Forecast Pre-paid Cards Transactions 2017-2022
Table 107 Forecast Pre-paid Cards in Circulation: % Growth 2017-2022
Table 108 Forecast Pre-paid Cards Transactions: % Growth 2017-2022
Table 109 Forecast Closed Loop Pre-paid Cards Transactions 2017-2022
Table 110 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2017-2022
Table 111 Forecast Open Loop Pre-paid Cards Transactions 2017-2022
Table 112 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2017-2022

Store Cards in Spain - Category analysis

Store Cards in Spain - Company Profile

HEADLINES

PROSPECTS

The performance of store cards improves, but they are yet to take off

Older consumers are keener on store cards

Lack of knowledge of the advantages of store cards

COMPETITIVE LANDSCAPE

El Corte Inglés’s store card remains the most important

Mercadona store card benefits from the strength of the Mercadona brand

Major banks up their stake within store cards

CATEGORY DATA

Table 113 Store Cards: Number of Cards in Circulation 2012-2017
Table 114 Store Cards Transactions 2012-2017
Table 115 Store Cards in Circulation: % Growth 2012-2017
Table 116 Store Cards Transactions: % Growth 2012-2017
Table 117 Store Cards: Number of Cards by Issuer 2012-2016
Table 118 Store Cards: Payment Transaction Value by Issuer 2012-2016
Table 119 Forecast Store Cards: Number of Cards in Circulation 2017-2022
Table 120 Forecast Store Cards Transactions 2017-2022
Table 121 Forecast Store Cards in Circulation: % Growth 2017-2022
Table 122 Forecast Store Cards Transactions: % Growth 2017-2022

Financial Cards and Payments in Spain - Industry Overview

EXECUTIVE SUMMARY

Improvement in the economy results in an increase in financial transactions

Competition increases due to greater transparency

High interest rates for credit cards benefit express credit companies

Digitalisation of banking services seems to be a one-way journey

Total card transactions are expected to continue growing over the forecast period

MARKET INDICATORS

Table 123 Number of POS Terminals: Units 2012-2017
Table 124 Number of ATMs: Units 2012-2017
Table 125 Value Lost to Fraud 2012-2017
Table 126 Card Expenditure by Location 2017
Table 127 Financial Cards in Circulation by Type: % Number of Cards 2012-2017
Table 128 Domestic versus Foreign Spend 2017

MARKET DATA

Table 129 Financial Cards by Category: Number of Cards in Circulation 2012-2017
Table 130 Financial Cards by Category: Number of Accounts 2012-2017
Table 131 Financial Cards Transactions by Category: Value 2012-2017
Table 132 Financial Cards by Category: Number of Transactions 2012-2017
Table 133 Consumer Payments by Category: Value 2012-2017
Table 134 Consumer Payments by Category: Number of Transactions 2012-2017
Table 135 M-Commerce by Category: Value 2013-2017
Table 136 M-Commerce by Category: % Value Growth 2013-2017
Table 137 Financial Cards: Number of Cards by Issuer 2012-2016
Table 138 Financial Cards: Number of Cards by Operator 2012-2016
Table 139 Financial Cards: Card Payment Transactions Value by Operator 2012-2016
Table 140 Financial Cards: Card Payment Transactions Value by Issuer 2012-2016
Table 141 Forecast Financial Cards by Category: Number of Cards in Circulation 2017-2022
Table 142 Forecast Financial Cards by Category: Number of Accounts 2017-2022
Table 143 Forecast Financial Cards Transactions by Category: Value 2017-2022
Table 144 Forecast Financial Cards by Category: Number of Transactions 2017-2022
Table 145 Forecast Consumer Payments by Category: Value 2017-2022
Table 146 Forecast Consumer Payments by Category: Number of Transactions 2017-2022
Table 147 Forecast M-Commerce by Category: Value 2017-2022
Table 148 Forecast M-Commerce by Category: % Value Growth 2017-2022

Megatrends

Country Report

Credit Cards in Spain

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Spanish habit of not using the deferred credit function of credit cards is changing

Credit levels to increase over the forecast period, but high interest rates will curtail growth

Commercial credit cards record growth but still have a low presence

COMPETITIVE LANDSCAPE

Credit cards a key strategy for traditional banks to recover revenues

Credit cards generate revenue

New players gain a foothold

Overview

Why buy this report?

Want to find out more about this report?

Table of Contents

Charge Cards in Spain - Category analysis

Charge Cards in Spain - Company Profile

HEADLINES

PROSPECTS

Personal charge cards record growth, but at a lower rate than before

More control with charge cards

Commercial charge cards recover figures

COMPETITIVE LANDSCAPE

American Express under pressure

Visa extends its advantage over MasterCard International

Competition between players will affect the types of cards available

CATEGORY DATA

Credit Cards in Spain - Category analysis

Credit Cards in Spain - Company Profile

HEADLINES

PROSPECTS

Spanish habit of not using the deferred credit function of credit cards is changing

Credit levels to increase over the forecast period, but high interest rates will curtail growth

Commercial credit cards record growth but still have a low presence

COMPETITIVE LANDSCAPE

Credit cards a key strategy for traditional banks to recover revenues

Credit cards generate revenue

New players gain a foothold

CATEGORY DATA

Debit Cards in Spain - Category analysis

Debit Cards in Spain - Company Profile

HEADLINES

PROSPECTS

Debit cards becoming a new favourite among Spanish consumers

Split by age groups

Increasing use of contactless payments

COMPETITIVE LANDSCAPE

Strong competition between financial institutions within debit cards

Visa and MasterCard International are almost the only issuers in Spain

Debit card as a way to gain credit card customers

CATEGORY DATA

Pre-Paid Cards in Spain - Category analysis

Pre-Paid Cards in Spain - Company Profile

HEADLINES

PROSPECTS

Safety and availability key drivers for pre-paid cards, but open loop to remain a niche

Closed loop transport pre-paid cards are gaining ground

COMPETITIVE LANDSCAPE

Transport pre-paid cards characterised by a range of players

Pre-paid card features help to increase competition

Different key strategies from issuers in order to make pre-paid cards more attractive

CATEGORY DATA

Store Cards in Spain - Category analysis

Store Cards in Spain - Company Profile

HEADLINES

PROSPECTS

The performance of store cards improves, but they are yet to take off

Older consumers are keener on store cards

Lack of knowledge of the advantages of store cards

COMPETITIVE LANDSCAPE

El Corte Inglés’s store card remains the most important

Mercadona store card benefits from the strength of the Mercadona brand

Major banks up their stake within store cards

CATEGORY DATA

Financial Cards and Payments in Spain - Industry Overview

EXECUTIVE SUMMARY

Improvement in the economy results in an increase in financial transactions