According to the latest data report, the number of Spanish consumer who likes “first purchase” (BNPL) is increasing. At present, up to one-third of Spain shoppers prefer installments: credit shops are most commonly used for household appliances (24%), electronic products (19%) and travel (15%). In addition, the study found that the credit card and debit card are the most commonly used payment methods of Spanish consumers. More than 80% of people use card checkout, 65% of people pay for cash; in addition to these traditional methods, digital payments are also popular: The largest digital payment software is PayPal, more than 60% of consumers use PAY PAL.
Spain seems to follow the footsteps of Germany: In Germany, buy and pay for the most common payment method. First buy (BNPL) is increasingly popular across Europe: According to a recent market report, the industry is expected to grow at a rate of 30% per year in the next few years.