Although the share of cash in Spain did initially decline early in COVID-19 pandemic, in-store use of cash money increased since. Indeed, the market share of debit cards - which initially grew in 2020 - had declined to the level from before the pandemic by 2021. Spain is notable for its relatively high share of cash in POS compared to other countries in Europe. The source does observe a growing market share for wallets in Spain, which could accelerate further in the coming years. The forecasted CAGR of mobile payments in Spain, however, was still lower than that of other countries in Europe - including main countries like France and Germany.
Market share of cash, credit cards, and other payment methods at point of sale (POS) in Spain from 2017 to 2023, with a forecast for 2027
* The source made changes to its categories in 2021, see the "Details" tab for more information.
Supplementary notes
In 2022, the source stated it made two changes to the categories used in previous years. These include a combination of "credit cards" with "charge/deferred debit cards" and the split of BNPL from "POS financing" (which itself was added as a new category in 2020). The latter change was made to atone for the "growing importance of BNPL". This seems to have been reverted for "POS financing" in the 2023 report - which covered the figures for 2022.
The figures have been taken from several publications. No figures were available for 2018 as the source did not release any reports that year.
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Worldpay. (March 21, 2024). Market share of cash, credit cards, and other payment methods at point of sale (POS) in Spain from 2017 to 2023, with a forecast for 2027 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1296915/preferred-payment-methods-spain/
Worldpay. "Market share of cash, credit cards, and other payment methods at point of sale (POS) in Spain from 2017 to 2023, with a forecast for 2027." Chart. March 21, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1296915/preferred-payment-methods-spain/
Worldpay. (2024). Market share of cash, credit cards, and other payment methods at point of sale (POS) in Spain from 2017 to 2023, with a forecast for 2027. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1296915/preferred-payment-methods-spain/
Worldpay. "Market Share of Cash, Credit Cards, and Other Payment Methods at Point of Sale (Pos) in Spain from 2017 to 2023, with a Forecast for 2027." Statista, Statista Inc., 21 Mar 2024, https://www.statista.com/statistics/1296915/preferred-payment-methods-spain/
Worldpay, Market share of cash, credit cards, and other payment methods at point of sale (POS) in Spain from 2017 to 2023, with a forecast for 2027 Statista, https://www.statista.com/statistics/1296915/preferred-payment-methods-spain/ (last visited December 21, 2024)
Market share of cash, credit cards, and other payment methods at point of sale (POS) in Spain from 2017 to 2023, with a forecast for 2027 [Graph], Worldpay, March 21, 2024. [Online]. Available: https://www.statista.com/statistics/1296915/preferred-payment-methods-spain/
