Card allowances and mobile devices They increased in physical institutions by 2024 and maintained the downward course, as it was published on Thursday in the article titled ‘Evolution and Trends of Spanish Consumers’ Payments’, despite the usual payment method, compared to the use of money. Bank of Spain.
Eurosistam is based on the study of the eurosistam 2018 based on the survey of the Europe Consumers’ payment habits. So, Spain’s Bank uses the results of the 2024 space survey, Produced by the European Central Bank (ECP), which includes 40,981 adults in the Euro region, with a model of 4,060 people in Spain.
Thus, he points to it in Spain 57% of transactions were carried out in cash. However, as in other parts of Europe, its use follows its “downward course”: the number of transactions declined by 9 percent from 2022 space exploration.
Rather, in the same period, card issues increased from 28% to 32%, and Payments with mobile devices increased almost twiceFrom 4% to 7%, according to the Spanish Supervisor, the tendency to “run a change in fee habits, digitalization and accepting new technologies.”
As for the sizes, the use of money in physical trade is less than 51% to 2024 in 2022, although it is higher than the value Card allowances (37%), which is unchanged.
Spain Bank explains that reducing money usage based on value is explained by A Increase in the use of mobile devices To buy a large amount, its value doubled until it reached 12%by 2024.
Finally, it emphasizes that this card is the most used way of paying with the highest amount: leading transactions over 50 euros with a 42% stock, followed by it Money (39%) and mobile devices (10%).
Switching from physical trade to ‘online’
Spain Bank explains that switching from part of traditional trade in body companies is a “clear driver” The rage of digital allowances And decrease in cash use.
So, in the last five years, the rate of allowances Online In the daily purchases of the Spanish consumer, it has significantly increased: in 2024, they made almost three times more online allowances than 2019, a Increasingly digitalized “tendency towards trade.
By paying the payment, in 2024, 51% of allowances Online They were made by card, Other electronic payment solutions (26%), including digital wallets (Apple Bay, Google Bay, Samsung Bay), PayPal and other mobile applications.
However, according to the average of the Euro area, card allowances in Spain 2022 (59%) to eight percent downs out, The use of other electronic payment solutions increased by 5 points. However, the Bank of Spain calls to remember that these electronic payment solutions use many cards as a basic tool.
In the 2024 study it also shows the rate of immediate allowances Spanish consumers (6%) on their purchases OnlineOvarian Slightly higher than the average of the euro zone (5%). As for the amount, online allowances show the same.
Payments among individuals
Of the inter -individual allowances, Spain Bank points out, 43% of consumers use mainly useful, using 35% instant payments in accordance with the European average, thus winning this media “Crescent importance”Illustrated situation “Wide use of bisme”.
The remaining 22% of individual payments is done with the instructions for the payment of the remaining 22% of the individual, for example, Transfers, PayPal and other digital payment portfolio.
As 95%monopolies the payment quota among persons, bisme’s matching is still noticeable because “Better than money” (4%) And other instructions for payment (1%).
It explains that The payment tool used for all kinds of continuous allowances .
Reasons behind the fee election
The article points out that the main advantages of consumer relates to the consumer’s impulse to choose the payment instructions Use of money is anonymous and privacy. In fact, this last issue is “one of the main concerns of the consumer when making digital allowances,” says Spain Bank.
“Spain and Portugal are the countries that make priority more unrest Two -thirds consumers are concerned about this feature“He says more.
In relation to the use of cards, Spanish consumers illustrate the useful (26%) incomplete comfort, Speed (21%), security (18%) and simplicity of use (12%).
Finally, the article analyzes the motivations that lead consumers to test alternatives for payment to regular people. “Although consumer preferences differ slightly between Spain and Euro, both are compatible with the importance of security The simplicity of the application while considering new payment instructions“He says.
So, in the Euro region, the major motivations are the largest security (37%) and the simplicity of the application (34%), followed by the lowest cost (29%), The largest privacy (27%) and the speed (21%).
In Spain, consumers stand alone Simplicity of the application (17%) as its main factorIt is followed by security (16%), the largest privacy (15%), the lowest cost (14%) and the speed (12%).
