Digital Market Outlook: FinTech user potential in Spain 2014-2020, by segment

The graph presents the number of potential FinTech users by segment in Spain in 2014, and provides a forecast thereof until 2020. The number of potential internet users in Spain is expected to grow from roughly 29 million in 2015 to roughly 32 million in 2020. An overview of all Digital Markets can be found here.
Statista’s Digital Market Outlook offers forecasts, detailed market insights and essential performance indicators of the most significant areas in the “Digital Economy”, including various digital goods and services. Alongside revenue forecasts for 50 countries worldwide, Statista offers additional insights into consumer trends and demographic structure of digital consumer markets.

FinTech user potential in Spain from 2014 to 2020, by segment

Internet userSMEOnline banking user
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Source

Release date

September 2015

Region

Spain

Survey time period

2015

Supplementary notes

* Estimate.

“FinTech” is short for ‘Financial Technology’, the central concept of structural change and digitization within the financial services industry. Under the collective name FinTech (which still lacks a clear definition even within the industry), financial services are understood within the framework of the Digital Market Outlook; digital infrastructures allowing the establishment of new types of agreements and procedures in the classic areas of banking such as lending, investment strategies and payments.

The characteristics of the digitization process of financial services include: simplified access for end users via the Internet or mobile Apps, an increase in the processing speed of automated processes, reduction in costs, a stronger focus on customer service, more convenience, higher transparency and the exploitation of network effects.

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