Spain's Cards and Payments Industry by 2017 : Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
Deerfield Beach, FL -- (SBWIRE) -- 07/13/2015 -- Synopsis
The report provides top-level market analysis, information and insights into Spain's cards and payments industry, including:
Current and forecast values for each category of Spain's cards and payments industry, including debit cards, credit cards, charge cards and prepaid cards
Comprehensive analysis of the industry's market attractiveness and future growth areas
Analysis of various market drivers and regulations governing Spain's cards and payments industry
Detailed analysis of the marketing strategies adopted for selling debit, credit, prepaid and charge cards used by banks and other institutions in the market
Comprehensive analysis of consumer attitudes and buying preferences for cards
The competitive landscape of Spain's cards and payments industry
Full report is available at http://www.marketresearchstore.com/report/spains-cards-and-payments-industry-emerging-opportunities-trends-23088
The economic crisis and conservative consumer spending have hindered growth in Spain, both in terms of number of cards in circulation, and values of all card categories during the review period (2008–2012). However, with the anticipated recovery of the Spanish economy, the card payments channel is expected to recover over the forecast period (2013–2017). In terms of number of cards in circulation, the prepaid cards category is expected to show the highest growth. Closed-loop prepaid cards are expected to be the most promising segment in terms of growth, as both retail and corporate users look to manage expenditure.
Growth in terms of transaction value in all card categories, except credit cards, was impaired during the review period by restricted consumer spending following the financial crisis and subsequent austerity measures. The overall card payments channel declined at a review-period compound annual growth rate (CAGR) of 0.37% in terms of transaction value.
Anticipated improvements in economic indicators such as inflation, GDP and per capita income are expected to support card volume growth over the forecast period. Banks' attempts to inject fresh funds to stimulate growth are also expected to improve credit availability in the economy. Conservative consumer spending is, however, expected to continue over the forecast period, increasing demand for prepaid cards.
Mobile payments are expected to provide scope for growth for card-based payments, and mobile payments posted at a CAGR of 131.38% during the review period. The positive growth of mobile phone users and the growing popularity of smartphones have led to robust growth in mobile payments.
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 2012, and forecast figures for 2017.
It details the different economic, infrastructural and business drivers affecting Spain's cards and payments industry.
It outlines the current regulatory framework in the industry.
It details the marketing strategies used by various banks and other institutions.
It profiles the major banks in Spain's cards and payments industry.
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- The card payments channel recorded a decline during the review period, primarily due to the impact of the global economic slowdown and the eurozone debt crisis. In terms of number of cards in circulation, the channel recorded a CAGR of -3.34%, falling from 81.1 million in 2008 to 70.8 million in 2012.
- The overall card payments channel declined at a review-period compound annual growth rate (CAGR) of 0.37% in terms of transaction value, with the debit, charge and prepaid card categories recording CAGRs of 0.61%, -0.05%, -12.07% and -19.24% respectively, while the credit cards category recorded a CAGR of 0.71%.
- Mobile payments are expected to provide scope for growth for card-based payments, and mobile payments posted at a CAGR of 131.38% during the review period. The positive growth of mobile phone users and the growing popularity of smartphones have led to robust growth in mobile payments.
- E-commerce value increased from EUR6.6 billion (US$9.7 billion) in 2008 to EUR12.8 billion (US$16.5 billion) in 2012, at a review-period CAGR of 18.06%. Growth in e-commerce has resulted in banks adding online functionality to their card products.
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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 within Spain's cards and payments industry.
Assess the competitive dynamics in Spain's cards and payments industry.
Gain insights into the marketing strategies used for selling various types of cards in Spain's cards and payments industry.
Gain insights into key regulations governing Spain's cards and payments industry.