Bank of Spain publishes H2 2024 payment statistics showing non-cash transactions up 10.5% to 9.358 billion

The Bank of Spain published statistics on payment services in Spain for the second half of 2024, reporting that payment transactions made with instruments other than cash rose 10.5% year on year to 9.358 billion. The total value of non-cash payments increased 9.5% to EUR 6.5 trillion. Cards accounted for 65.5% of non-cash transactions by volume, followed by credit transfers (16.4%), direct debits (12.1%) and e-money payments (1.6%). By value, credit transfers represented 88.5% of the total (cards 3.1%), consistent with transfers being used for higher-value payments. Card payments increased 12% to 6.133 billion transactions, with total value up 9.2% to EUR 198.6 billion and an average value of EUR 32.4 per transaction; remote card transactions represented 18.2% of card payments by number (28.2% by value), and contactless card-present payments accounted for 94.3% of non-remote card payments by volume (92.4% by value). Credit transfers rose 15.6% to 1.530 billion transactions, with value up 10.2% to EUR 5.7 trillion, while electronically initiated instant credit transfers increased to 466 million transactions (+16.7%) with value up to EUR 65 billion (+26.2%). Direct debits grew to 1.135 billion transactions (+3.2%) with EUR 353 billion in value (+4.7%), and e-money payments reached 148 million transactions (+27%) with EUR 7.7 billion in value (+37.1%). Outstanding payment cards increased 12.4% to around 114 million (about 2.2 per inhabitant), ATMs declined 1.6% to 37,393 and reported POS terminals rose 3.5% to around 4.26 million, with most acceptance devices supporting contactless payments; the release also reported activity in key systems including the National Electronic Clearing System (SNCE), the Card and Payment Instruments System (STMP) and TARGET–Bank of Spain.