Forecast: Value of Payments by Cards with a Debit Function in Spain

From 2013 to 2023, the value of payments made by cards with a debit function in Spain generally exhibited an upward trend, with intermittent fluctuations. From 2013 to 2018, the market showed steady growth, highlighted by a significant 29.76% increase in 2018. There was a slight decline of 2.89% in 2019 and a more considerable drop of 13.37% in 2020 due to disruptive factors likely related to the COVID-19 pandemic. The market rebounded sharply in 2021 with a 31.7% increase. However, in 2022, there was a minor decrease of 1.08%, followed by a modest 3.65% growth in 2023. As of 2023, the value stood at 154.1 billion USD.

Looking ahead from 2024 to 2028, the projected compound annual growth rate (CAGR) of 2.63% indicates a steady but slower growth pace. Key future trends to monitor include the adoption of digital payment solutions, regulatory changes, and economic conditions that could influence consumer spending and payment behaviors.