face-to-face purchases latest publications
Card purchases increased by 53% year-on-year in February (45% in January). The increase was greater in the online channel (75%) than in the face-to-face channel (43%), and both spending with Spanish cards and, above all, with foreign cards rebounded.
February 4, 2022
Spain | Impact of COVID-19 on consumption in real time and high definition in Dec-21
Card spending grew by 45% year-on-year in January (31% in Dec-21). The advance was greater in the online channel (62%) than in the face-to-face channel (38%), and both purchases with Spanish cards and with foreign cards rebounded.
Card purchases in July were 28% higher than those made in the same month of 2019. The increase in spending with Spanish cards, both in person and online, offset the decline in transactions with foreign cards. However, they moderated their decline, especially in the face-to-face channel.
Card purchases in June were 28% higher than those made in the same month of 2019 (19% in May). Spending with Spanish cards, both face-to-face (24%) and online (128%) gained momentum, while that made with foreign cards continued to fall, but at a slower pace than in the preceding months.
The end of the state of alarm prompted the recovery of spending with BBVA credit and debit cards or at BBVA POS terminals in May, which were 19% higher than those made in the same period of 2019 (13% in April).
Spending with BBVA credit and debit cards or BBVA POS terminals in April were 13% in relation to the same month of 2019, 5 points less than in March. The growth in spending with Spanish cards, both face-to-face (10%) and online (128%), offset the adjustment in foreign card transactions.
Spending with BBVA credit and debit cards or BBVA POS terminals grew 56% y-o-y in March due to the base effect caused by the start of the lockdown period a year ago. Compared to March 2019, the growth in card consumption was lower (18%).
The decline in card purchases moderated to -7% year-on-year in February due to the recovery in spending with Spanish cards, both online (37%) and face-to-face (-4%). Foreign card transactions continued to decline at double-digit rates (-73%).