ATM, Credit and Debit Cards Market in Spain - Statistics, forecast and issuers rankings

The survey conducted among 81 credit and debit card issuers in the Spanish market reveals a significant increase in the total number of cards, totaling almost 440,000 cards added when comparing December 2022 to December 2021. Banking entities amassed a total of 43.5 million cards, Cajas accounted for 39.5 million, and Credit Cooperatives nearly 5 million cards.

   

Examining the competitors that experienced the most substantial growth in market share over the past year, SANTANDER secured the top position among banks, registering a 0.89% increase in market share points. Following closely were SABADELL, OPENBANK, ING, and N26, all showcasing remarkable performances.

  

  

In the realm of Cajas, IBERCAJA emerged as the entity with the most significant uptick in market share concerning the number of cards, marking an increase of 0.18% points. ABANCA, UNICAJA, KUTXABANK, and CAJASUR trailed closely behind.

   

   
Similarly, within the Credit Cooperatives category, CAJA DE ASTURIAS claimed the top spot for the entity with the most considerable growth in market share, boasting an increase of 1.56% points. The five entities with the most commendable year-on-year performances include CAJA RURAL DEL SUR, CAJA SAN JOSE DE ALMASSORA, CAJASIETE, and CAJA DE EXTREMADURA.

  

Credit and Debit Cards in Spain - KPIs overview Y-o-Y% - 2022 vs 2021 

Credit and debit cards market 2025 forecast  

According to RankingsLatAm´s 2023.Q3 forecasts, the credit and debit card market in Spain is expected to continue its growth trajectory over the next few years. By 2025, the total number of credit and debit cards is expected to reach 93.4 million, representing a significant increase from current levels. In addition, the value of transactions at POS terminals is expected to continue to rise, with a projected total of 365 billion euros in transactions by 2025. This growth in transactions may be driven by factors such as increased consumer spending and the growing popularity of contactless payments. The value of transactions at ATMs is also expected to increase, with a forecasted total of almost 150 billion euros by 2025.

2022 vs 2021 market performance and statistics 



The credit and debit card market in Spain experienced some changes in 2022 compared to the previous year, according to data from Banco de España and Eurosistema. The number of credit cards increased by 7.3%, while the number of debit cards decreased by 4.8%. When both credit and debit cards are taken into account, the total number of cards only saw a modest 0.5% increase.

The total number of transactions at point-of-sale (POS) terminals increased by a substantial 21.1% in 2022. However, the total value of POS transactions increased by a lower percentage of 19.6%. When looking specifically at credit cards, the value of POS transactions increased by 9.3%. On the other hand, the value of POS transactions made with debit cards increased by a higher percentage of 26.6%.

The number of POS terminals also increased, but at a slower pace of 6.8%. Meanwhile, the number of ATM transactions increased by 4.3%, and the total value of ATM transactions increased by 7.8%. However, the total number of ATMs decreased by 5.1%.

Credit (1) and Debit (2) Cards transaction value mix % 2011-2022

Number of Credit and Debit Cards in Spain 2011-2025f (YoY%)

POS transactions 2011-2022 (YoY%)

POS transactions value (YoY%)

ATM transactions value (YoY%)

ATM terminals (YoY%)

Credit and Debit cards transaction value mix 2022

Credit and Debit cards transactions mix 2022

The changes in the credit and debit card market can be attributed to a number of factors, such as changes in consumer behavior, new technologies, and economic conditions. The increase in the number of credit cards may be due to promotions and other incentives offered by banks to encourage credit card usage. On the other hand, the decrease in the number of debit cards may be due to an increase in digital payments and other alternative payment methods. The increase in transactions at POS terminals may also be due to a shift towards cashless payments.

  

Download rankings