As the digital tide sweeps across the globe, Spain rides the wave with a rich tapestry of payment methods in its e-commerce sector. The year 2023 unveils a vibrant palette of payment options, each painting strokes of convenience, security, and innovation for online shoppers. Among these, card payments continue to reign supreme, yet the canvas is far from monochromatic. The allure of cash, embodied by Teleingreso, provides a secure bridge from the tactile to the virtual, offering a sanctuary for the security-conscious. Parallelly, bank transfers and Buy Now, Pay Later (BNPL) schemes weave threads of flexibility and financial ease, catering to the modern consumer’s evolving needs.

Amidst this diverse payment tableau, digital wallets emerge as notable contenders, knitting together a seamless blend of speed and ease. Yet, the spotlight shines brightly on Bizum, a local digital wallet marvel, mirroring Spain’s innovative spirit. Its meteoric user growth not only underscores a burgeoning digital wallet scene but also resonates with a national penchant for homegrown solutions.

Teleingreso, another local hero, champions the cause of secure online shopping with an offline payment finale, a blend that resonates with a segment valuing privacy. As these local innovations dance in harmony with global payment tunes, they sketch a promising outline of Spain’s digital payment narrative in 2023. Each method, with its unique rhythm, contributes to a melodious symphony of transactional ease and security, orchestrating a user-centric e-commerce payment arena.

As we delve deeper into each payment method, the Spanish e-commerce sector unfolds as a dynamic, user-friendly market, embracing both global trends and local innovations with open arms.


Payment by card  in Spain

In Spain, card payments dominate the e-commerce landscape. They account for a significant portion of online transactions. Notably, local card schemes also contribute to this preference. The Spanish interbank payment system comprises two segments: TARGET-Banco de España for large-value payments, and the National Electronic Clearing System (SNCE) for smaller transactions​1​. Furthermore, well-established international card networks like Visa and MasterCard enjoy widespread acceptance. Simultaneously, the local card scheme, SNCE, facilitates secure and efficient small-value transactions.

Moreover, as digital payments evolve, mobile payment platforms like Bizum are gaining traction, offering a blend of bank and card-based transactions. Bizum provides a seamless platform for Person-to-Person (P2P) payments, acting as a bridge between bank accounts through mobile devices​1​. With its growing popularity, Bizum represents a blend of traditional banking and modern digital payment methods, enhancing the payment experience in Spain.

Overall, the synergy between international card networks and local card schemes bolsters Spain’s e-commerce sector, making card payments a preferred choice for both merchants and consumers.

Local actors: Bizum, Euro6000

Bizum Logo  


Payment by cash  in Spain

In Spain, the charm of cash persists, especially in retail where nearly half of all transactions are cash-based. However, as e-commerce blossoms, digital payments gain traction, yet cash finds its place. Remarkably, 8% of online shoppers opt for cash payment on delivery, embracing the tactile assurance of cash. Beyond traditional realms, innovative methods like Teleingreso bridge the digital divide. Here, shoppers initiate online transactions, yet finalize them offline, blending the old with the new.

Despite a governmental cap on large cash transactions to curb fraud, the allure of physical currency endures. Through options like cash on delivery and Teleingreso, cash subtly intertwines with Spain’s digital commerce tapestry, hinting at a balanced dance between the traditional and the modern​1​​2​​3​​4​.

Local actors: Teleingreso


Payment by bank transfer

In Spain, bank transfers hold a prominent position in the payment landscape, especially within e-commerce. They appeal to both merchants and consumers due to their security and efficiency, accounting for around 16% of online payments​1​. Notably, the adoption of instant payments amplifies this appeal, with funds landing in payee’s accounts within mere seconds of transaction initiation​2​.

Moreover, platforms like Trustly, Sofort, and the locally revered Bizum facilitate these bank transfers, making them accessible and user-friendly​1​​3​.

The integration of instant payment features in these platforms significantly enhances transaction speed, meeting the modern-day demand for immediate fund availability.

Furthermore, the interoperability within the Single Euro Payment Area (SEPA) streamlines instant transfers across Spanish banks, extending this efficiency across borders​4​.

As e-commerce trends evolve in 2023, instant bank transfers, alongside other digital payment methods, are expected to take center stage, reshaping the interaction between businesses and consumers​5​. Overall, the blend of traditional bank transfers and instant payments in Spain underscores a dynamic shift towards digitalization, promising a robust and flexible e-commerce payment ecosystem.

Local actors: Bizum

Bizum Logo


Payment by installment and BNPL

In Spain, the Buy Now, Pay Later (BNPL) trend is gaining traction. Renowned local players like Aplazame and Sequra are spearheading this movement, offering flexible payment solutions to consumers.

Simultaneously, the market size for BNPL services in Spain is burgeoning, accounting for nearly €1.22 billion, and marking Spain as the 13th largest market globally for such services​1​.

The appeal of BNPL lies in its ability to offer deferred payments without incurring interest, aligning with consumers’ preference for manageable payment plans.

Additionally, international players like Clearpay, Alma, Jifiti, Klarna, Splitit are making inroads into the Spanish market, further fueling the BNPL trend​2​.

Local actors: Sequra, Aplazame

Sequra logo  Aplazame logo


Payment by digital wallet and X-Pay

In Spain, digital wallets are carving a significant niche in the e-commerce sector. PayPal, a global player, leads the charge, enjoying widespread popularity among online shoppers. Following closely are tech giants’ offerings like Apple Pay, Google Pay, and Amazon Pay, each making strides in the Spanish market. Local innovation isn’t lagging, with Bizum, a real-time payment provider, nearly doubling its user base between 2021 and 2023, a testament to the growing affinity for digital wallet payments. Now, digital wallets account for nearly 30% of online payments, a significant leap, although still trailing behind card payments.

The rapid adoption of these mobile payment solutions mirrors the global trend, blending convenience with secure, swift transactions. Furthermore, the Spanish market’s openness to international and local digital wallet services fosters a competitive, innovation-driven environment. As digital wallets continue to gain traction, they’re not only simplifying transactions but also shaping a new narrative in Spain’s e-commerce payment landscape. With a favorable market outlook, the digital wallet sector in Spain is poised for substantial growth, riding on the broader digital payment wave sweeping across the globe.

Local actors: Bizum, LK-Pay, Electronic Money by Caixabank (CaixaBankNow)

Bizum Logo    



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