PROSPECTS AND OPPORTUNITIES
Digitalisation of pre-paid cards will continue over the forecast period
Pre-paid card issuers are increasingly substituting plastic cards with electronic versions. This is valid for all types of closed loop pre-paid cards, from electronic gift cards to public transportation cards used in an electronic format.
Commercial open loop cards provide opportunities for growth
Commercial open loop pre-paid cards are gaining momentum in Spain. They are seen as a tool for better management of employee expenses and facilitate the control of expenses of companies.
Social function of open loop cards could be a growth driver in the future
Social assistance open loop cards also provide growth opportunities in the medium term. For example, Mastercard is reported to be working with several public authorities to prepare a new solution of pre-paid cards for social aid.
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Overview:
Understand the latest market trends and future growth opportunities for the Pre-Paid Card Transactions industry in Spain with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Pre-Paid Card Transactions industry in Spain, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Pre-Paid Card Transactions in Spain report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Pre-Paid Card Transactions in Spain?
- What are the major trends key to understanding Pre-Paid Card Transactions in Spain?
- How has COVID-19, recession and macroeconomic volatility impacted the market?
- How long will the market take to recover? What are the opportunities now?
- How will political context and shifting cultural values shape future growth?
- Where is future growth expected to be most dynamic?
Charge Cards in Spain - Category analysis
Charge Cards in Spain - Company Profile
KEY DATA FINDINGS
Charge cards benefit from being popular for use in e-commerce
Rise of digital wallets and contactless payments also helps to support usage of contactless charge cards
BNPL developments influence trends in charge cards
Electronic payments, such as Bizum, enter into direct competition with charge cards
Steady growth in charge cards expected over the forecast period
Potential threat from debit cards with the rapid expansion of neobanks and fintechs
Credit Cards in Spain - Category analysis
Credit Cards in Spain - Company Profile
KEY DATA FINDINGS
Rebound in business and MICE activities supports growth in commercial credit cards
Store card giant El Corte Inglés carves out a share with its new credit cards
BNPL developments influence new trends in credit cards
Credit cards seen both competition and opportunities from digital wallets and m-commerce
Government considers a tax on credit cards not linked to the user’s main account
The entry of El Corte Inglés SA could inspire other new players to launch credit cards
Debit Cards in Spain - Category analysis
Debit Cards in Spain - Company Profile
KEY DATA FINDINGS
Debit cards continue to struggle in the commercial environment
Debit cards remain as a common day-to-day payment method
More frequent card purchases lead to decrease in average transaction values
Debit cards will maintain popularity – despite rising competition from modern payment methods
Debit cards see both competition and opportunities with the rise of mobile wallets
Government measures to reduce consumer credit ahead
Pre-Paid Cards in Spain - Category analysis
Pre-Paid Cards in Spain - Company Profile
KEY DATA FINDINGS
New partnerships for Correos in pre-paid cards
Public transportation cards continue to be notable within closed loop cards
Gift cards benefit from usage as employee perks
Digitalisation of pre-paid cards will continue over the forecast period
Commercial open loop cards provide opportunities for growth
Social function of open loop cards could be a growth driver in the future
Store Cards in Spain - Category analysis
Store Cards in Spain - Company Profile
KEY DATA FINDINGS
Store cards suffer from retail giant El Corte Inglés’ switch to credit cards
Store cards benefit from an increase in consumption, however, face challenges from other options
Store cards ultimately hold a relatively small and declining share in financial cards
A doubtful future for store cards over the forecast period
Store cards remain a preferred option for older generation
Strong promotions needed for store cards to continue
Financial Cards and Payments in Spain - Industry Overview
Financial cards and payments in 2024: The big picture
2024 key trends
Growing focus on cyber security
Competitive landscape
What next for financial cards and payments?
DISCLAIMER
The following categories and subcategories are included:
Pre-Paid Card Transactions
- Closed Loop Pre-Paid Card Transactions
- Open Loop Pre-Paid Card Transactions
Pre-Paid Card Transactions
A card paid for at point of sale, and permitting the bearer to buy goods or services usually of a particular type up to the pre-paid value. These cards acts as an alternative to cash. The card can be disposable or re-loadable.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Pre-Paid Card Transactions research and analysis database.
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