Table of Contents
- Overview
- Executive Summary
- Market context
- Competitor and product overview
- Forecasting the payment card market in Spain
- Table of Contents
- Table of figures
- Table of tables
- Market Context
- Market overview
- Demographics
- Economy
- GDP
- Real GDP growth
- GDP per capita
- Sectoral composition of the economy
- Inflation
- Distribution of income
- Segmentation of liquid assets
- Unemployment
- Market size
- Payment cards in the context of consumer payments
- Payment card statistics
- Cards in issue
- Number of transactions
- Value of transactions
- Card acceptance
- Market structure
- Categories of banks
- Private commercial banks
- Cajas de Ahorros (savings banks)
- Cooperativas de Crédito (co-operative banks)
- Interbank structures for cards
- Regulatory environment
- Industry regulators
- Industry associations
- Asociación Española de Banca-AEB
- Confederación Española de Cajas de Ahorros-CECA
- Unión Nacional de Cooperativas de Crédito-UNACC
- Asociación Nacional de Establecimientos Financieros de Crédito
(ASNEF)
- Asociación de Usuarios de Servicios Bancarios (AUSBANC)
- Credit bureaux
- The Banco de España manages a public registry
- Equifax operates a private sector credit bureau in Spain
- Experian entered the market in 2000
- Regulatory issues in the market
- European consumer credit directive
- Interchange fees come under scrutiny in Spain
- Key issues
- Fraud and EMV
- Spain is lagging behind in the conversion to EMV
- Low fraud losses and high conversion costs are the key factors in
the slow roll-out
- SEPA
- The main impact on Spain will be in terms of tackling fraud and
ensuring cards can be used across the region.
- Competitor and product Overview
- Card scheme market shares
- Pay now cards
- Cards in issue
- Value of transactions
- Deferred debit and charge cards
- Cards In issue
- Transaction values
- Credit cards
- Number of cards
- Value of transactions
- Card issuer market shares
- Pay now cards
- The pay later market
- The credit card market
- Cards in issue
- Balances outstanding
- Competitor developments
- Consolidation of the Spanish market has slowed considerably
- Foreign lenders have a strong presence in the Spanish market
- Product analysis
- Pay later card design
- Spanish consumers are often able to choose their repayment plan
- Credit limits
- Loyalty programs
- Product innovation
- La Caixa has introduced a "save the change" program
- Card appearance continues to be an area of focus
- Pre-paid Cards
- The focus on innovation has limited results
- Forecasting the payment card market in Spain
- Forecasting the pay now card market
- Forecasting the credit card market
- Forecasting the deferred debit and charge card market
- Conclusions
- The Spanish payment card market is in a healthy state
- Card penetration and use is high
- Issuers continue to innovate
- As a result of these factors, the outlook for the Spanish market is a
positive one
- However, there are challenges that are still to be faced
- The market continues to face regulatory challenges
- Consumers still prefer cash
- The deferred debit and charge card market is set to decline
- APPENDIX
- Supplementary data
- Market context
- Forecasting the payment card market in Spain
- Definitions
- AAGR
- Affinity card
- CAGR
- Co-branded card
- Credit card
- Deferred debit and charge card
- EMV
- EPC
- ePurse
- Merchant Service Charge
- Pay now cards
- PoS terminal
- Private label cards
- Methodology
- Cards and Payments Database
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
- List of Tables
- Table 1: GDP per capita for selected European countries, 2006
- Table 2: GINI Coefficient for selected European countries
- Table 3: Segmentation of liquid assets in Spain, 2006
- Table 4: Falling interchange fees in Spain 2006-2009
- Table 5: A selection of Spanish credit cards, 2007
- Table 6: A selection of Spanish payment card loyalty schemes
- Table 7: Datamonitor' s forecast for the Spanish pay now market,
2007-2011
- Table 8: Datamonitor' s forecast for the Spanish credit card market,
2007-2011
- Table 9: Datamonitor' s forecast for the Spanish deferred debit and
charge card market, 2007-2011
- Table 10: Population numbers and demographic splits in Spain and other
major European countries, 2006
- Table 11: Population over 20 in Spain and other major European
countries, 2006
- Table 12: GDP at current rates across European countries, 2006
- Table 13: Real GDP growth rates based on constant rates to 2000,
2002-06
- Table 14: Inflation in selected European countries, 2002-06
- Table 15: The total number of ATM terminals and the number of people
per ATM, 2002-06
- Table 16: The total number of POS terminals and the number of people
per terminal, Spain 2002-06
- Table 17: Penetration level of cards in selected European countries,
2006
- Table 18: Credit card balances outstanding in Spain, 2004-2006
- Table 19: Pay now card forecast forecasts indexed to 2006
- Table 20: Credit card forecast forecasts indexed to 2006
- Table 21: Charge card forecast forecasts indexed to 2006
- Table 22: Current relevant Datamonitor publications, 2007
- Table 23: Future relevant Datamonitor publications, 2008
- List of Figures
- Figure 1: Country view of Spain, 2007
- Figure 2: Spain has the fifth largest population in Western Europe,
2006
- Figure 3: Spain has the highest proportion of adults out of the
Western European nations
- Figure 4: Spain has the fifth largest GDP in Western Europe, 2006
- Figure 5: Spain has enjoyed a period of accelerating economic growth,
2002-2006
- Figure 6: The service sector dominates the Spanish economy, 2006
- Figure 7: The rate of inflation in Spain continues to accelerate,
2002-2006
- Figure 8: Cash remains the payment tool of choice for Spanish
consumers, 2002-2006
- Figure 9: The number of payment cards in Spain continues to grow,
2002-2006
- Figure 10: Spain has the second highest level of card penetration in
Europe.
- Figure 11: Debit cards continue to account for the majority of card
transaction volumes, Spain, 2002-2006
- Figure 12: Debit cards are the most frequently used type of payment
card, Spain, 2002-2006
- Figure 13: Debit cards account for the majority of the value of card
transactions in Spain, 2002-2006
- Figure 14: Credit cards have the highest average transaction value in
Spain, 2002-2006
- Figure 15: Spain has the most extensive POS coverage in Europe,
2002-2006
- Figure 16: Spain also has the largest ATM network, 2002-2006
- Figure 17: The three pillars of Spanish banking, 2006
- Figure 18: Banks in Spain in the three pillars, 2005
- Figure 19: Regulatory overview of Spain, 2006
- Figure 20: Visa is increasingly dominant in the Spanish pay now
market, 2002-2006
- Figure 21: Visa' s dominance in debit card transaction value is
increasing, 2002-2006
- Figure 22: Visa is also the dominant scheme in the deferred debit and
charge card market, 2002-2006
- Figure 23: Visa is also the dominant scheme in deferred debit and
charge card transaction values, 2002-2006
- Figure 24: The majority of Spanish credit cards are issued on the Visa
scheme, 2002-2006
- Figure 25: Visa accounts for more than half of the value of
transactions on credit cards, 2002-2006
- Figure 26: The Spanish pay now market is dominated by four major
players
- Figure 27: The Spanish pay later card market is somewhat fragmented,
2006
- Figure 28: The Spanish credit card market is dominated by BBVA and
Caja Madrid, 2006
- Figure 29: La Caixa is the leading Spanish credit card issuer by
outstandings, 2006
- Figure 30: Mergers and acquisitions in the Spanish banking market,
1998-2005
- Figure 31: La Caixa has a wide range of rewards for collectors of
Puntos Estellas loyalty points
- Figure 32: The La Caixa "Ahorra la Cambio" product helps cardholders
build up a savings account
- Figure 33: La Caixa allows cardholders to personalize cards with their
own photographs
- Figure 34: Growth in the Spanish debit card market will be driven by
increased card use driving transaction values, 2006-2011
- Figure 35: Datamonitor forecasts the Spanish credit card market to
grow strongly, 2006-2011
- Figure 36: The Spanish deferred debit and charge card market is
expected to peak in 2010
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