MarketResearchReports.Biz
announces addition of new report "The Cards and Payments Industry in
Spain: Emerging Trends and Opportunities to 2020" to its database.
Timetrics 'The Cards and Payments Industry
in Spain: Emerging Trends and Opportunities to 2020' report provides
detailed analysis of market trends in Spain cards and payments industry.
It provides values and volumes for a number of key performance
indicators in the industry, including check payments, credit transfers,
direct debits, payment cards and cash transactions during the review
period (20112015).
The
report also analyzes various payment card markets operating in the
industry and provides detailed information on the number of cards in
circulation, and transaction values and volumes during the review period
and over the forecast period (20162020). It also offers information on
the country's competitive landscape, including market shares of issuers
and schemes.
The
report brings together Timetrics 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, recent changes in regulatory structure and profiles of card
issuers operating in the country.
Summary
Timetrics
'The Cards and Payments Industry in Spain: Emerging Trends and
Opportunities to 2020' report provides top-level market analysis,
information and insights into Spain's cards and payments industry,
including:
Current and forecast values for each market in Spain cards and payments industry, including debit card, credit and charge cards.
Detailed
insights into payment instruments including credit transfers, cash
transactions, checks, direct debits and payment cards. It also, includes
an overview of the country's key alternative payment instruments.
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E-commerce market analysis and online payment types.
Analysis of various market drivers and regulations governing Spain's 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 Spain's cards and payments industry.
Scope
This report provides a comprehensive analysis of Spain's cards and payments industry.
It provides current values for Spain's cards and payments industry for 2015, and forecast figures to 2020.
It
details the different demographic, economic, infrastructural and
business drivers affecting Spain's cards and payments industry.
It outlines the current regulatory framework in the industry.
It details marketing strategies used by various banks and other institutions.
It profiles major banks in Spain's cards and payments industry.
Reasons To Buy
Make
strategic business decisions, using top-level historic and forecast
market data, related to Spain's cards and payments industry and each
market within it.
Understand the key market trends and growth opportunities in Spain's cards and payments industry.
Assess the competitive dynamics in Spain's cards and payments industry.
Gain insights into marketing strategies used for various card types in Spain.
Gain insights into key regulations governing Spain's cards and payments industry.
Key Highlights
To
increase the uptake of mobile point of sale (mPOS) among small
merchants, solution providers are offering terminals at lower costs. One
of the latest being the introduction of mPOS solution for SMEs by
domestic solution provider, SetPay in July 2015. The solution is
compatible with iOS and Android phones, and comes with a chip and PIN
reader which can be connected via Bluetooth. In 2013, Banco Santander
partnered with a Swedish payment service provider, iZettle to enable
self-employed professionals and micro merchants to accept card payments
via a smart phone or tablet. This was followed by the launch of the mPOS
solution by Banco Sabadell in partnership with Ingenico in the same
year. The mPOS terminal was EMV-compliant and accepts contactless
payments. The introduction of low-cost solutions is anticipated to
encourage merchants to accept card-based payments.
The
emergence of digital-only banks is likely to accelerate the shift
towards electronic payments in Spain. The mobile-only bank imaginBank,
launched by CaixaBank in January 2016, provides banking services
exclusively through mobile apps and social networks. Through the mobile
app, consumers can apply for current accounts, credit cards, consumer
loans; manage their personal finances; and make person-to-person (P2P)
payments. The bank also offers banking services on Facebook. Users can
use the imaginBank Facebook application to find out their bank balance
and view recent transactions.
The
uptake of alternative payments among Spanish consumers is gaining
traction due to the availability of a number of options such as iupay,
Orange Cash, BBVA Wallet and Caixa Wallet. Banks and telecom operators
are also investing to offer their customers a choice of payment options,
whether in-store, at home or on the move. Most recently in January
2016, CaixaBank signed an agreement with Samsung Electronics to add
Samsung Pay to its mobile payment service. Customers of CaixaBank and
its subsidiary imaginBank are the first in Spain to access the Samsung
Pay service. This service is accepted in all stores that accept
contactless payments, with the number amounting to over 600,000 payment
terminals. The launch of Samsung Pay is likely to intensify competition
in Spains alternative payments market.
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