"The Cards and Payments Industry in Spain: Emerging Trends and Opportunities to 2020" Published

Timetric's '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.
* 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.

Full Report Details at
- http://www.fastmr.com/prod/1135742_the_cards_payments_industry.aspx?afid=301

Report 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.

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