Payment methods in Spain

Europe

1method

23banks

The Spanish e-commerce market is worth $120 billion - and is predicted to reach $166 billion by 2029.

Market takeaways

The Spanish e-commerce market is worth $120 billion - and is predicted to reach $166 billion by 2029.
Local payment methods are on the rise - in 2024, 10.3% of Spanish shoppers paid using Bizum - a huge growth from 2.7% from 2023.
In 2025, the average Spanish online shopper will spend US$2,693 with e-commerce merchants. By 2029 this is expected to rise to US$3,383.
The number of users in the Spanish e-commerce market is expected to amount to 26.8 million by 2029.

Population

48.8M

Online population

47.1M

B2C e-commerce

$120B

Banked population

99%

Credit card population

79%

E-commerce of total retail

11%

Payment method breakdown

Card50%
Cash2%
Bank Transfer5%
E-Wallet31%
Other12%

Card scheme breakdown

Visa59%
Mastercard39%
American Express2%
Local schemes0%
Other0%

Cross-border e-commerce

Market data coming soon.

Featured payment methods in Spain

Popular options based on coverage and prominence in this market.

Bizum

A mobile payment solution favored by Spanish consumers, developed by national banks to facilitate instant payments.

All payment methods in Spain

Discover 1 payment methods from around the world

Showing 1 of 1 payment methods

Bizum

Featured banks in Spain

Major institutions operating in this market.

ING Group

Amsterdam, Netherlands

ING Group is the Netherlands' largest bank and a leading European financial institution. It operates a digital-first universal banking model across Europe and globally.

Banco Santander

Santander, Spain

Banco Santander is Spain's largest bank and one of the world's top 10 financial institutions by market cap. It serves 160 million customers in Europe, North America, and Latin America.

Crédit Agricole Group

Paris, France

Crédit Agricole is the world's largest cooperative bank and France's second-largest financial group. It provides retail, corporate, insurance, and asset management services in France and internationally.

BBVA

Bilbao, Spain

BBVA is Spain's second-largest bank with a major presence in Mexico, South America, Turkey, and the USA. It is known for its digital banking leadership.

Intesa Sanpaolo

Turin, Italy

Intesa Sanpaolo is Italy's largest bank and one of the Eurozone's leading financial institutions, providing retail, corporate, and investment banking in Italy and across Eastern Europe, the Middle East, and Africa.