DMO: Mobile payment transaction value in Spain 2016-2022

The timeline shows the mobile payment transaction value in Spain in 2016, and provides a forecast thereof until 2022. The value of the mobile payment transactions in Spain is expected to reach approximately three billion U.S. dollars in 2022.
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Mobile payment transaction value in Spain from 2016 to 2022

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Source

Release date

May 2018

Region

Europe, Spain

Survey time period

2017

Supplementary notes

* Estimate.

The “Mobile Payments” segment includes transactions at Point-of-Sale that are processed via smartphone applications (so-called “mobile wallets”). Well-known providers of mobile wallets are ApplePay, Google Wallet and Samsung Pay. The payment in this case is made by a contactless interaction of the smartphone app with a suitable payment terminal belonging to the merchant. The data transfer can be made, for example, via wireless standard NFC (Near Field Communication) or by scanning a QR code to initiate the payment. A user pays for a purchase via a “Mobile Wallet” application by triggering an online bank transfer or by using a digitally stored credit or debit card (Host Card Emulation).
Payment transactions with physical debit or credit cards at contactless terminals and mobile POS systems (mPOS, e.g. Square, SumUp) as well as place-independent “Carrier Billing” are not included in this segment. However, all electronic funds transferred at point of sale (EFTPOS) transactions (including debit, credit and payment cards) are used here as a benchmark.

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