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Sector Analysis
NewSpain Cards and Payments – Opportunities and Risks to 2028
Spain Cards and Payments Market Report Overview The annual value of card transactions in the Spain cards and payments market was $396.9 billion in 2023. The Spain cards and payments market will grow at a CAGR of more than 6% during 2024-2028. The payment infrastructure in Spain is experiencing growth owing to efforts from both the government and financial institutions. With a gradual rise in the number of customers using cards, there has been an increase in cashless transactions. This...
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Sector Analysis
Payments Landscape in Spain: Opportunities and Risks to 2022
GlobalData’s "Payments Landscape in Spain: Opportunities and Risks to 2022", 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 (2014-18e). 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...
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Analyst Opinions
Consumer Payments Country Snapshot: Spain 2016
The Spanish payments market was significantly impacted by the economic crisis. While the crisis affected banks’ reputations, it also accelerated their efforts to rejuvenate in order to regain the trust of Spanish consumers. CaixaBank, BBVA, Banco Popular, and Banco Santander are the leading players in this process. The Spanish economy has only recorded positive values since 2014, raising the employment rate and stimulating consumption. This has created an environment where consumers are increasingly confident about the use of financial technologies...
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Sector Analysis
Retail Banking Country Snapshot: Spain
The banking sector in Spain is concentrated, with the top three providers accounting for 51% of main current accounts. Spanish consumers tend to choose providers on the basis of branch location and reputational factors. Switching rates are low in Spain compared to the global average of 17%. Pull factors prompt consumers to switch providers. Spanish savers are cautious, with around two thirds saving to protect themselves against unforeseen events and one third saving for retirement. A desire for value for...
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Sector Analysis
Retail Banking Country Snapshot: Spain 2016
"Retail Banking Country Snapshot: Spain 2016" reviews the retail banking sector in Spain, with a particular focus on the current account, savings, mortgage, and personal loans markets. It includes both market-level data and insight from our Retail Banking Insight Survey. The Spanish banking sector is highly consolidated, with a handful of large banks controlling a significant market share. Product ownership rates are high, particularly for current and savings accounts, and consumers mostly favor providers they have an existing relationship with....
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Sector Analysis
Payments in Spain 2017: What Consumers Want
"Payments in Spain 2017: What Consumers Want", report examines the consumer payments market in Spain, considering payment cards, online payments, P2P payments, and newer payment technologies such as mobile wallets and contactless. The report also examines the main regulatory players overseeing the market. While Spain has progressed well in terms of the implementation of electronic payments, cash remains the preferred mode of payment among Spanish consumers, accounting for 68% of the total payment transaction volume in 2017. The growing acceptance...
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Sector Analysis
Payments Landscape in Spain: Opportunities and Risks to 2021
GlobalData’s "Payments Landscape in Spain: Opportunities and Risks to 2021", 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 credit transfers, direct debit, cash, payment cards, and cheques during the review-period (2013-17e). 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...
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Sector Analysis
Retail Banking Market Dynamics: Spain 2018
The Spanish retail mortgage and personal loan markets contracted during 2013-17, but are expected to recover over the next five years. Conversely, the credit card loans market - which reported a robust performance during 2013-17 - is expected to decelerate in the next five years. The average net interest margin for Spain was lower than France and Italy during 2013-17. The cost/income ratio also remained lower in Spain. This report identifies macroeconomic and competitive dynamics that impact upon the Spanish...
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Track & Monitor
Smart Money Investing in the Financial Services Industry – Q4 2018: Tracking M&A, venture capital, and private equity investments globally
GlobalData’s "Smart Money Investing in the Financial Services Industry - Q4 2018", report provides detailed analysis of investment activities in financial services industry globally during the fourth quarter of 2018. The report provides comprehensive coverage of investment activities including mergers, acquisitions, asset transactions, venture financing and private equity, both in terms of deal value and volume. It also provides a global snapshot of investment trends in sectors including banking, payments, insurance and wealth management, and information on best practices followed...
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Sector Analysis
Spain Retail Banking: Opportunities and Risks to 2023
Total loan balances outstanding in Spain declined from €742.5bn ($850.6bn) in 2014 to €697.3bn ($798.8bn) in 2018, a compound annual growth rate (CAGR) of -1.6%. Credit card balances outstanding was the fastest-growing credit segment during the review period, followed by personal loans and mortgage loans. However, the Spanish government has eased loan requirements and extended the repossession period for mortgage loans. This, coupled with favorable financing conditions and easier loan acquisitions being offered by banks, should constitute a CAGR of...