Spain Payment Gateway Market Size
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 0.80 Billion |
| Market Size (2030) | USD 2.48 Billion |
| CAGR (2025 - 2030) | 25.33% |
| Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Spain Payment Gateway Market Analysis
The Spain Payment Gateway Market size is estimated at USD 0.80 billion in 2025, and is expected to reach USD 2.48 billion by 2030, at a CAGR of 25.33% during the forecast period (2025-2030).
- Spain's surging demand for payment gateways is transforming the nation's financial and retail sectors. The growing adoption of digital transactions, the burgeoning e-commerce sector, and a growing reliance on mobile payments largely fuel this shift. Central to this evolution, payment gateways ensure online payments are processed securely, efficiently, and at scale. As Spain deepens its foray into a digital economy, the escalating demand for these gateways spans various sectors, presenting both fresh opportunities and challenges for businesses, consumers, and financial service providers.
- Over the past decade, Spain's e-commerce market has surged, positioning it among Europe's largest. This growth is driven by rising internet penetration, consumers' increasing comfort with online shopping, and businesses embracing omnichannel retail strategies. Also, according to the report by the International Trade Administration, in 2022, Spain boasted nearly 32 million eCommerce users, achieving a penetration rate of 68%. Projections indicate a continued upward trajectory, with e-commerce users anticipated to surge by 25%, reaching 40 million by 2025.
- With consumers seeking quicker and more secure payment methods, businesses increasingly rely on payment gateways for smooth transactions. Spain's e-commerce market will keep expanding, underscoring the demand for effective payment solutions that serve both domestic and international clientele.
- Moreover, by Actively promoting digitalization across industries, the Spanish government has launched initiatives like the Digital Spain 2025 agenda. These efforts aim to bolster the nation's digital infrastructure and stimulate innovation in digital services, notably in payment systems. The regulatory landscape, particularly influenced by the European Union's PSD2, has favored the expansion of digital payments. PSD2 champions open banking and heightened competition among payment service providers. As a result, there's been a surge in the creation of new payment gateways and enhancements to existing ones, fueling their widespread adoption.
- Further, the education, healthcare, and transportation sectors are increasingly embracing digital payment solutions. For instance, numerous educational institutions in Spain have begun providing online payment options for tuition fees. Similarly, healthcare providers are now integrating digital payments for appointments and services. In urban areas, the transportation industry is adopting contactless payments via mobile apps facilitated by payment gateways.
Spain Payment Gateway Market Trends
The Growing Use of Payment Gateways in the Retail Sector in Spain
- In recent years, Spain's retail and e-commerce sectors have seen a significant surge in demand for payment gateways. This uptick is fueled by several factors, including the growing popularity of online shopping, technological advancements in payment methods, and a notable shift in consumer behavior favoring digital transactions. Mirroring trends across Europe, Spain is transforming its payment landscape digitally.
- Retailers and e-commerce platforms are increasingly adopting payment gateway solutions, driven by the rising demand for seamless, secure, and swift payment options. This heightened dependence on payment gateways is poised to play a pivotal role in shaping the future of retail and e-commerce in Spain.
- Also, e-commerce has become a pivotal force in global consumption in recent years, driving Spain's trend. The percentage of online shoppers in Spain surged from around 42.34% in 2015 to nearly 69% in 2023. As e-commerce continues to grow, the need for reliable payment gateways has become essential. These gateways act as intermediaries between customers and merchants, ensuring that transactions are processed securely and efficiently.
- Further, digital wallets are carving out a significant niche in the payment landscape in Spain. Consumers are drawn to the convenience and security these wallets provide, enabling them to consolidate multiple payment methods and complete purchases with just a few clicks. Payment gateways are pivotal, empowering retailers to seamlessly accept payments via digital wallets, thus ensuring customers can effortlessly use their preferred payment methods during checkout.
Growing Consumer's inclination towards Mobile Payments
- In recent years, mobile payments have surged in popularity in Spain, reshaping consumer behavior and fueling growth in the payment gateway market. This shift is driven by technological advancements, increasing internet penetration, evolving consumer preferences, and a favorable regulatory landscape. According to the report by INE Spain, over 99% of people in Spain aged 16 to 44 engaged with the Internet during the last three months of the analyzed period. While internet usage in Spain consistently exceeds 92% across most age groups and is growing exponentially.
- Also, technological advancements play a pivotal role in the rise of mobile payments. The global adoption of smartphones has reshaped consumer interactions with financial services. By 2024, around 95% of the Spanish population will own smartphones, many of which are equipped with mobile payment apps. This widespread accessibility positions mobile payments as a swift and efficient choice for consumers.
- Further, in Spain, technological advancements in mobile payments are significantly driving the growth of the payment gateway market. Innovations like biometric authentication, AI-driven fraud detection, and blockchain technology are revolutionizing mobile payment processing.
- Payment gateways are swiftly integrating these technologies to boost the speed, security, and convenience of mobile transactions. For example, methods like fingerprint and facial recognition are gaining traction for mobile transaction verification. Furthermore, AI-powered fraud detection systems are adept at real-time identification and preventing fraudulent activities, ensuring mobile payments remain swift and secure. Such technological strides are broadening the appeal of mobile payments, drawing in a diverse array of consumers and businesses.
Spain Payment Gateway Industry Overview
The Spain payment gateway market is semi-consolidated, with some of the major market vendors holding a significant share of the market. Local companies dominate the country's payment gateway landscape. Partnerships, acquisitions, and mergers are shaping the future of the Payment Gateway Market in Spain. The major players in the market include Adyen, Stripe Inc., Mollie B.V., 2Checkout, Banco Bilbao Vizcaya Argentaria, S.A., and Others.
Spain Payment Gateway Market Leaders
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Adyen
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Stripe Inc.
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Mollie B.V.
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2Checkout
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Banco Bilbao Vizcaya Argentaria, S.A.
- *Disclaimer: Major Players sorted in no particular order
Spain Payment Gateway Market News
- February 2024: Unnax, a Barcelona-based embedded finance fintech, solidified its role as a pivotal player in Europe's embedded finance ecosystem by broadening its service offerings. Launching in 2024, the tech firm introduced payment accounts featuring a Spanish IBAN. Catering to non-financial enterprises, the company offers technological solutions to digitize and streamline financial operations alongside a banking infrastructure that seamlessly integrates financial services, such as payment gateways.
- December 2023: Codego, a white-label card issuer, has expanded its offerings. In addition to providing global payment gateway and processing solutions for expense card businesses and consumers, Codego now offers white-label solutions tailored for financial institutions and banks. These services are available in several countries, including Spain.
Spain Payment Gateway Industry Segmentation
A payment gateway is a technology that retailers use to enable client debit or credit card purchases. The primary function of an online payment gateway is to authorize the exchange of money between a retailer and a customer. Making an online purchase and authorizing transactions between sellers and buyers is crucial.
The Spain payment gateway market is segmented by type (hosted and non-hosted), enterprise (small and medium enterprise (SME) and large enterprise), and end-user (travel, retail, BFSI, media and entertainment, other end users). The market size and forecasts are provided in terms of value (USD) for all the above segments.
| By Type | Hosted |
| Non-hosted | |
| By Enterprises | Small and Medium Enterprise (SME) |
| Large Enterprise | |
| By End User | Travel |
| Retail | |
| BFSI | |
| Media and Entertainment | |
| Other End Users |
| Hosted |
| Non-hosted |
| Small and Medium Enterprise (SME) |
| Large Enterprise |
| Travel |
| Retail |
| BFSI |
| Media and Entertainment |
| Other End Users |
Spain Payment Gateway Market Research FAQs
How big is the Spain Payment Gateway Market?
The Spain Payment Gateway Market size is expected to reach USD 0.80 billion in 2025 and grow at a CAGR of 25.33% to reach USD 2.48 billion by 2030.
What is the current Spain Payment Gateway Market size?
In 2025, the Spain Payment Gateway Market size is expected to reach USD 0.80 billion.
Who are the key players in Spain Payment Gateway Market?
Adyen, Stripe Inc., Mollie B.V., 2Checkout and Banco Bilbao Vizcaya Argentaria, S.A. are the major companies operating in the Spain Payment Gateway Market.
What years does this Spain Payment Gateway Market cover, and what was the market size in 2024?
In 2024, the Spain Payment Gateway Market size was estimated at USD 0.60 billion. The report covers the Spain Payment Gateway Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Spain Payment Gateway Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Spain Payment Gateway Industry Report
Statistics for the 2025 Spain Payment Gateway market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Spain Payment Gateway analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
