The Bank of Spain published statistics on payment services in Spain for the first half of 2024, showing continued growth in non-cash payments. Total non-cash transactions reached 8.669 billion, up 11.4% year on year, with a total value of EUR 6.1 trillion, up 5.4%, with cards driving volumes and transfers accounting for most value. Card payments represented 64.2% of non-cash transactions and rose 13.3% to 5.562 billion, with value up 9% to EUR 177.2 billion and an average value of about EUR 32 per transaction; 18.2% of card payments were remote (28.4% by value) and contactless POS payments increased 18% to 4.264 billion, representing 93.7% of non-remote card payments by volume. Transfers accounted for 16.3% of transactions but 88.4% of total value, increasing 15.5% to 1.416 billion transfers worth EUR 5.4 trillion (+5.9%), while direct debits grew 2.6% to 1.122 billion (EUR 338 billion, +1.6%) and e-money payments rose 30.6% to 132 million (EUR 6.9 billion, +59.4%). Payment infrastructure expanded to about 103 million cards (+4.5%) and around 4.7 million POS terminals (+14%), while the number of ATMs fell 1.9% to 37,473; the National Electronic Clearing System processed 1.441 billion transactions (EUR 1.3 trillion) and TARGET-Bank of Spain handled around 3.7 million large-value payments (EUR 8.1 trillion).
Bank of Spain 2025-02-20
Bank of Spain publishes payments statistics showing non-cash transactions rose 11.4% to 8.669 billion worth EUR 6.1 trillion in H1 2024
The Bank of Spain reported a rise in non-cash payments for the first half of 2024, with transactions reaching 8.669 billion, up 11.4% year on year, valued at EUR 6.1 trillion, up 5.4%. Card payments, comprising 64.2% of transactions, increased 13.3% to 5.562 billion, while transfers, accounting for 88.4% of total value, rose 15.5% to 1.416 billion transfers worth EUR 5.4 trillion. Payment infrastructure saw growth in cards and POS terminals, though ATM numbers declined.