Spain Cards and Payments Market Growth

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Spain Cards and Payments Market Growth
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GlobalData's "The Cards and Payments Industry in
Spain Emerging Trends and Opportunities to
2020", report provides detailed analysis of
market trends in the Spanish cards and payments
industry. It provides values and volumes for a
number of key performance indicators in the
industry, including credit transfers, direct
debit, check payments, payment cards and cash
transactions during the review period
(2012-2016). The report also analyzes various
payment card markets operating in the industry,
and provides detailed information on the number
of cards in circulation, and transaction values
and volumes during the review period and over the
forecast period (2016-2020). It also offers
information on the country's competitive
landscape, including the market shares of issuers
and schemes.
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The report brings together GlobalData's research,
modeling, and analysis expertise to allow banks
and card issuers to identify segment dynamics and
competitive advantages. The report also covers
details of regulatory policy and recent changes
in the regulatory structure. The uptake of
alternative payments among Spanish consumers is
gaining traction, with international payment
solution providers launching their solutions in
the market-the latest initiative being the
introduction of Apple Pay in December 2016. In
January 2016, CaixaBank signed an agreement with
Samsung Electronics to add Samsung Pay to its
mobile payment (m-payment) service. Customers of
CaixaBank and its imaginBank subsidiary were the
first in Spain to access the Samsung Pay service.
This service is accepted in all stores that
accept contactless payments, with the number of
payment terminals amounting to over 600,000.
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The Spanish government introduced a new
regulation in October 2015, according to which
either a bank or ATM network operator can charge
consumers for cash withdrawals, but not both. In
response, banks and ATM network operators amended
fee structures to reduce overall charges for
consumers. Bankia, Banco Sabadell and ATM
provider Euro 6000 agreed to cap fees at US0.62
(EUR0.65), effective from January 2016. While
this initiative was introduced to protect
consumer interests, it is expected to encourage
use of payment cards among Spanish consumers. The
emergence of digital-only banks is likely to
accelerate the shift towards electronic payments
in Spain. The mobile-only 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 and consumer loans, manage personal
finances and make person-to-person (P2P)
payments. Users can also use the imaginBank
Facebook application to find out bank balances
and view recent transactions.
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This report also provides top-level market
analysis, information and insights into the
Spanish cards and payments industry, including
- Current and forecast values for each market in
the Spanish cards and payments industry,
including debit, credit and charge
cards. Detailed insights into payment instruments
including credit transfers, direct debit, cash
transactions, checks and payment cards. It also,
includes an overview of the country's key
alternative payment instruments.
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To know more, click on the link
below https//www.kenresearch.com/banking-financi
al-services-and-insurance/financial-services/cards
-payments-industry-spain-emerging-trends/103811-93
.html Check Out Similar Reports The Cards and
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ResearchAnkur Gupta, Head Marketing
CommunicationsAnkur_at_kenresearch.com91-901537824
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