Spanish Cards & Payments Market Analysed & Forecast by Timetric in Its New Report Published at MarketPublishers.com
31 Mar 2016 • by Natalie Aster
LONDON – Nowadays, to raise the uptake of mobile point of sale (mPOS) amid SMEs in Spain, solutions providers tend to offer terminals at lower costs. Thus, domestic solution provider, SetPay, launched the new mPOS in July 2015; this solution is compatible with Android and iOS phones and also comes with a PIN reader and a chip. The adoption of cheaper mPOS solution is likely to drive the acceptance of card-based payments among merchants.
The appearance of digital-only banks is predicted to stimulate the shift towards electronic payments in the country. In January 2016, CaixaBank launched imaginBank, a mobile-only bank, providing banking services exclusively via social networks and mobile applications. Through the mobile applications, consumers can manage their personal finance, make P2P payments and also apply for credit cards, current accounts and consumer loans. Furthermore, consumers can also use the imaginBank Facebook application to view recent transactions and check their bank balance.
At present, the uptake of alternative payments amid the country’s population is gaining traction owing to available variety of options like Orange Cash, iupay, Caixa Wallet and BBVA Wallet. Telecom operators and banks also invests to provide their customers a choice of different payment options, whether on the move, in-store or at home.
New in-demand research publication “The Cards and Payments Industry in Spain” by Timetric provides a comprehensive review of the cards and payments industry in Spain. It uncovers current, historical and future (up till 2020) values for each segment of the market. The research report examines various demographic, infrastructural, economic and business drivers of the Spanish cards and payments industry; explores the ongoing regulatory framework; discloses details on the marketing strategies adopted by various banks and other institutions for various card types in Spain; traces the key market trends and outlines top growth opportunities. Furthermore, this publication covers the competitive dynamics in the domestic cards and payments market and includes profiles of the dominant market players.
The Cards and Payments Industry in Spain: Emerging Trends and Opportunities to 2020
Published: March, 2016
Price: US$ 3,995.00
Other research reports by this publisher can be found at Timetric page.