Payment methods in Spain

Let’s go to #Spain  🇪🇸 ! A little walk to discover all the payment methods in Spain.

Nuggets unearthed locally, global actors working there, different types of payment methods.

In 2021, Spain had a population of over 47.3 million, and its e-commerce turnover was €62.7bn.

 


 

Payment by card 

  • In 2020, the average adult made 142 card payments, double the number in 2014 (four-in-five card purchase transactions were contactless)

Payment by installment and BNPL

  • The BNPL market size accounts for almost 1.25Bn€, as the 39th largest market in the world with an estimated penetration of 2% of the total e-commerce turnover.
  • With local actors such as:
    • Sequra
    • Aplazame

Payment by bank transfer

  • With local actors such as:
    • Bizum

Payment by digital wallet and X-Pay

  • With local actors such as:
    • Euro6000
    • Teleingreso

 


 

Do payment methods in Spain interest you?

Do you want more? Access to the #PayWorldTour library