Dublin, Aug. 20, 2020 (GLOBE NEWSWIRE) -- The "Spain Cards and Payments - Opportunities and Risks to 2023" report has been added to ResearchAndMarkets.com's offering.
The 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 cash, cards, credit transfers, direct debits, and cheques during the review-period (2015-19e).
The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2019e-23f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.
The report identifies segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.
The report 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 cash, cards, credit transfers, direct debits, and cheques. It also, includes an overview of the country's key alternative payment instruments.
- E-commerce market analysis.
- 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.
- The European Payments Council launched a pan-European instant credit transfer scheme in selected Single Euro Payments Area (SEPA) markets in November 2017. SEPA Instant Credit Transfer (SCT Inst) enables individuals to transfer a maximum of 15,000 ($17,183.22) within 10 seconds. Funds can be transferred instantly 24 hours a day, seven days a week, 365 days a year. The launch of SCT Inst followed on from the introduction of Bizum in October 2016. Bizum is a common mobile payment platform jointly launched by 27 Spanish banks. It is integrated within the banks' apps and lets users conduct P2P, in-store, and online transactions instantly through their mobile phones.
- The emergence of digital-only banks is likely to accelerate the shift towards electronic payments in Spain. In January 2016, CaixaBank launched its mobile-only imaginBank. Banco Pichincha introduced its digital bank Pibank in June 2018. The bank offers a fee-free payroll account that comes with a Visa debit card. In October 2019, Netherlands based digital-only bunq expanded its operations to all EU countries, including Spain. And in November 2019, France-based telecommunications company Orange launched digital-only Orange Bank in Spain. The bank offers current and savings accounts as well as a Mastercard debit card.
- Mobile wallet adoption and use is high in Spain. This was due to the availability of popular mobile wallet solutions including Apple Pay, Google Pay, and Samsung Pay as well as the increasing number of banks and financial institutions offering these mobile wallet services to their customers. In February 2019, Banco Pichincha, Pibank, and boon started offering Google Pay to their customers. In April 2019, ING joined Apple Pay in Spain, while digital-only banks and fintechs such as Revolut and Monese started to support Apple Pay in many European countries (including Spain) throughout the year. And in December 2019 Bankinter joined Samsung Pay, allowing its customers to add their payment cards to Samsung Pay and make payments using their mobile phone.
Key Topics Covered
- Card-based Payments
- Merchant Acquiring
- e-Commerce Payments
- Mobile Proximity Payments
- P2P Payments
- Bill Payments
- Alternative Payments
- Payment Innovations
- Payments Infrastructure & Regulation
- Banco Sabadell
- Banco Popular
- BNP Paribas
- American Express
- Sistema 4B
- EURO 6000
- Google Pay
- Smasung Pay
- Apple Pay
For more information about this report visit https://www.researchandmarkets.com/r/d8u5uz
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