Spain Cards and Payments: Opportunities and Risks to 2029 Update

GlobalData's 'Spain Cards and Payments: Opportunities and Risks to 2029 Update' 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, card, credit transfer, direct debits, and cheques during the review-period (2021-25e).

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 (2025e-29f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together GlobalData's 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 and recent changes in regulatory structure.

GlobalData's 'Spain Cards and Payments: Opportunities and Risks to 2029 Update' 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, card, credit transfer, direct debits, and cheques. It also, includes an overview of the country's key alternative payment instruments.
• Ecommerce 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.
• Comprehensive analysis of consumer attitudes and buying preferences for cards.
• The competitive landscape of the Spanish cards and payments industry.

Key Highlights

• New instant payment rules are being introduced around the EU region. In November 2024, the European Payments Council (EPC) published an updated SEPA Instant Credit Transfer (SCT Inst) rulebook which came into effect on October 9, 2025. Key features include the SCT Inst scheme must be fully compliant with the provisions of the Instant Payments Regulation (IPR); an EU Regulation that mandates SEPA instant credit transfers up to EUR100,000 ($108,181.67) within 10 seconds. This regulation requires all SEPA Payment Service Providers (PSPs) to offer instant Euro-denominated credit transfers; allowing funds to be sent and received in under 10 seconds. However, there is no scheme-level maximum limit for SCT Inst transactions; PSPs may set their own transaction limits.
• Spain's payment infrastructure is undergoing significant transformation; driven by the modernization of payment terminals and the increasing inclination toward electronic payments among both customers and merchants. For example, in March 2025, Revolut launched its POS terminal for retail and hospitality sectors in Spain. Apart from accepting payments via card or digital wallets, it also enables business to track stock and easily access different sales reports. On a similar note, in July 2025, the payment service provider Adyen introduced Apple's Tap to Pay on iPhone in Spain; allowing partner merchants to accept contactless payments via cards and mobile wallets.
• Digital wallet solutions, such as Apple Pay, Google Pay, and PayPal, are gradually gaining traction and are increasingly being used for in-store purchases. To capitalize on the growing adoption of digital wallets, in March 2025, Google Wallet introduced a feature allowing children to make contactless in-store payments using their Android devices, with parental consent. It also enables parents to monitor transactions via email notifications and track recent purchases. This feature is currently available in Spain, Australia, the US, the UK, and Poland.

Key Highlights

• New instant payment rules are being introduced around the EU region. In November 2024, the European Payments Council (EPC) published an updated SEPA Instant Credit Transfer (SCT Inst) rulebook which came into effect on October 9, 2025. Key features include the SCT Inst scheme must be fully compliant with the provisions of the Instant Payments Regulation (IPR); an EU Regulation that mandates SEPA instant credit transfers up to EUR100,000 ($108,181.67) within 10 seconds. This regulation requires all SEPA Payment Service Providers (PSPs) to offer instant Euro-denominated credit transfers; allowing funds to be sent and received in under 10 seconds. However, there is no scheme-level maximum limit for SCT Inst transactions; PSPs may set their own transaction limits.
• Spain's payment infrastructure is undergoing significant transformation; driven by the modernization of payment terminals and the increasing inclination toward electronic payments among both customers and merchants. For example, in March 2025, Revolut launched its POS terminal for retail and hospitality sectors in Spain. Apart from accepting payments via card or digital wallets, it also enables business to track stock and easily access different sales reports. On a similar note, in July 2025, the payment service provider Adyen introduced Apple's Tap to Pay on iPhone in Spain; allowing partner merchants to accept contactless payments via cards and mobile wallets.
• Digital wallet solutions, such as Apple Pay, Google Pay, and PayPal, are gradually gaining traction and are increasingly being used for in-store purchases. To capitalize on the growing adoption of digital wallets, in March 2025, Google Wallet introduced a feature allowing children to make contactless in-store payments using their Android devices, with parental consent. It also enables parents to monitor transactions via email notifications and track recent purchases. This feature is currently available in Spain, Australia, the US, the UK, and Poland.

Key Highlights

• New instant payment rules are being introduced around the EU region. In November 2024, the European Payments Council (EPC) published an updated SEPA Instant Credit Transfer (SCT Inst) rulebook which came into effect on October 9, 2025. Key features include the SCT Inst scheme must be fully compliant with the provisions of the Instant Payments Regulation (IPR); an EU Regulation that mandates SEPA instant credit transfers up to EUR100,000 ($108,181.67) within 10 seconds. This regulation requires all SEPA Payment Service Providers (PSPs) to offer instant Euro-denominated credit transfers; allowing funds to be sent and received in under 10 seconds. However, there is no scheme-level maximum limit for SCT Inst transactions; PSPs may set their own transaction limits.
• Spain's payment infrastructure is undergoing significant transformation; driven by the modernization of payment terminals and the increasing inclination toward electronic payments among both customers and merchants. For example, in March 2025, Revolut launched its POS terminal for retail and hospitality sectors in Spain. Apart from accepting payments via card or digital wallets, it also enables business to track stock and easily access different sales reports. On a similar note, in July 2025, the payment service provider Adyen introduced Apple's Tap to Pay on iPhone in Spain; allowing partner merchants to accept contactless payments via cards and mobile wallets.
• Digital wallet solutions, such as Apple Pay, Google Pay, and PayPal, are gradually gaining traction and are increasingly being used for in-store purchases. To capitalize on the growing adoption of digital wallets, in March 2025, Google Wallet introduced a feature allowing children to make contactless in-store payments using their Android devices, with parental consent. It also enables parents to monitor transactions via email notifications and track recent purchases. This feature is currently available in Spain, Australia, the US, the UK, and Poland.

Scope

• Card market size in terms of number of cards, value and volume of transactions in Spain along with detailed card segmentation of debit, credit and charge cards available in the country.
• Market sizing and analysis of major payment instruments including cash, card, credit transfer, direct debits, and cheques.
• Payment market trends and growth for both historical and forecast period
• Competitor analysis with detailed insights into leading card issuers and schemes.
• Comprehensive analysis of consumer attitudes and buying preferences for cards.
• A detailed snapshot of country's key alternative payment brands.

Reasons to Buy

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