Most used in-store (POS) payment methods in Spain 2017-2023, with 2027 forecast
share of cash in POS compared to other countries in Europe. The source does observe a growing market share for wallets in Spain, which could accelerate further in the coming years. The forecasted CAGR of mobile payments in Spain, however, was still lower than that of other countries in Europe - including main countries like France and Germany.
Although the share of cash in Spain did initially decline early in COVID-19 pandemic, in-store use of cash money increased since. Indeed, the market share of debit cards - which initially grew in 2020 - had declined to the level from before the pandemic by 2021. Spain is notable for its relatively high