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Spain

Top e-commerce industries
23.5%
Electronics
19.9%
Hobby & Leisure
22.8%
Fashion
Furniture & Homeware
Care Products
DIY
Grocery
Madrid
Capital
47.3M
Population
+1
Time Zone (GMT)
EUR (€)
Currency
Euro
USD 154.5B
Transactions
value in 2028
7.7%
CAGR
of Digital Payments
during 2025-2028
during 2025-2028
Popularity of e-commerce payment methods
Extend your reach

In Spain, Pay by Bank services, which facilitate direct account-to-account payments, have gained significant traction among consumers. A recent survey by Retail Banker International. indicates that 92% of respondents are familiar with this payment method, with a notable proportion utilizing it regularly for online transactions. The mentioned survey about Pay by Bank services in Spain, indicating 92% familiarity and regular usage among consumers, was reported by Retail Banker International. The data highlights the growing awareness and adoption of account-to-account payments as a preferred payment method in Spain.
Method
Pay by Bank (ES)
Pay by Bank (ES)
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full refunds only
Type
Bank Transfer
Local Card Scheme
Users
44M
Disbursements
No
No
Chargebacks
$25.00
Authorization currency
EUR
Authorization
speed
speed
Instant
Recurring
No
No