Europe began to prevail credit! One-third of Spanish consumers want to pay first!

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.