Abanca clippings file https://www.nfcw.com/tag/abanca/ At the heart of the contactless ecosystem since 2008 Mon, 14 Nov 2022 15:13:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 https://www.nfcw.com/wp-content/uploads/2020/02/cropped-nfcw-favicon-white-32x32.png Abanca clippings file https://www.nfcw.com/tag/abanca/ 32 32 37289602 Spanish banks to pilot digital euro for contactless in-store payments  https://www.nfcw.com/2022/11/14/380318/spanish-banks-to-pilot-digital-euro-for-contactless-in-store-payments/ Mon, 14 Nov 2022 15:13:05 +0000 https://www.nfcw.com/?p=80318 Some 30 banks and payment services providers in Spain, including BBVA, Banco Sabadell, Banco Santander, ING, Deutsche Bank and Iberpay, have set up a working group to test the use of a digital euro for contactless in-store payments as well as ecommerce transactions and peer-to-peer (P2P) transfers. The working group will conduct proof-of-concept trials of […]

Spanish banks to pilot digital euro for contactless in-store payments  was written by Tom Phillips and published by NFCW.

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Front of Deutsche Bank building in Spain
DIGITAL EURO: Deutsche Bank in Spain is one of 30 banks and service providers involved in the trials

Some 30 banks and payment services providers in Spain, including BBVA, Banco Sabadell, Banco Santander, ING, Deutsche Bank and Iberpay, have set up a working group to test the use of a digital euro for contactless in-store payments as well as ecommerce transactions and peer-to-peer (P2P) transfers.

The working group will conduct proof-of-concept trials of the retail central bank digital currency (CBDC) to assess the technical, operational and business implications of its implementation and how it might coexist with currently existing digital payment infrastructures.

“The project aims to test the inclusion of a possible digital euro in the current payment ecosystem, promoting innovation, and doing so in line with the objectives of the euro system,” Spanish business news outlet Diario Abierto reports.

“The tests will cover the simulated sending of digital euros person to person, payment in online commerce and payment in physical commerce, based on a model in which, as is the case with the current euro, the banks would be the depositories of the accounts of this digital currency of their customers.

“The initiative arises after the beginning of a research phase by the euro system on the possible characteristics of the digital euro as a means of payment complementary to cash in retail payments made in euros.”

In addition to BBVA, Banco Sabadell, Banco Santander, ING, Deutsche Bank and Iberpay, banks and payment services providers participating in the trials include Abanca, Arquia, Banca March, Banca Pueyo, Banco Caminos, Banco Mediolanum, Bankinter, Bizum, Caixa Guissona, Caixa Ontinyent, Caja d’Enginyers, Cajalmendralejo, Cecabank, Eurocaja Rural, EVO Banco, Grupo Caja Rural, Grupo Cajamar, Ibercaja, Kutxabank, Laboral Kutxa, N26, Openbank, Orange Bank, Redsys, Targobank and Unicaja Banco.

The European Central Bank announced in September that it is to trial five prototype digital euro payment solutions developed in partnership with Spain-based CaixaBank, the European Payments Initiative, Worldline, Nexi and Amazon.

Spanish banks to pilot digital euro for contactless in-store payments  was written by Tom Phillips and published by NFCW.

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Samsung Pay makes European debut in Spain https://www.nfcw.com/2016/06/03/345229/samsung-pay-makes-european-debut-spain/ Fri, 03 Jun 2016 10:22:31 +0000 http://www.nfcw.com/?p=45229 Samsung Pay has begun rolling out across Spain, making it the first European market where the mobile payment service is available. The service has launched with support from CaixaBank and ImaginBank and will also be available for customers of Abanca and Banco Sabadell “soon”.

Samsung Pay makes European debut in Spain was written by Rian Boden and published by NFCW.

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Samsung Pay
EURO DEBUT: Spanish consumers can now make mobile payments with Samsung Pay

Samsung Pay has begun rolling out across Spain, making it the first European market where the mobile payment service is available. The service has launched with support from CaixaBank and ImaginBank and will also be available for customers of Abanca and Banco Sabadell “soon”.

“Users can download their CaixaBank and ImaginBank debit or credit cards on their smartphones in order to make payments,” Samsung says. “Samsung Pay is compatible with all stores that already have contactless terminals and the company is working closely with leading businesses from retail, food and service stations and parking services sectors to create value-added services for their customers.

“This includes well-known brands like Cepsa, Cervecería La Sureña, Domino’s Pizza, El Corte Inglés, Fridays, Ginos, Grupo DIA, MediaMarkt, Mercadona, Phone House, Repsol, Rodilla, Saba, Starbucks, The Good Burger, The Wok, VIPS, VIPSmart, 100 Montaditos, with more to follow in due course.”

Turning point

“In particular, El Corte Inglés will become the first issuer of private cards in Spain to offer its customers the opportunity to join and pay via Samsung Pay,” the company adds.

“Samsung collaborates as a technology partner with the Museo Nacional del Prado’s sponsorship program and customers will also be able to use Samsung Pay at this renowned cultural institution.”

“We are proud that Spain is the first European market to introduce Samsung Pay, an innovative new service that we believe will mark a turning point both in Spaniards’ payments behaviour and the evolution of the payments market as a whole,” says Celestino García, corporate vice president of Samsung Spain.

“The opportunity for Samsung Pay in Spain is significant, due to the high smartphone penetration rate and the digitalisation of the banking sector. Moreover, according to recent research commissioned by Samsung, nearly six in 10 Spaniards are interested in incorporating a secure, simple and widely accepted payments service like Samsung Pay into their lives.”

Samsung Pay currently supports eligible credit and debit cards from more than “200 major global and regional banks,” according to the company. The service is currently live in South Korea, the US and China. Samsung Pay announced its global expansion plans during a keynote at Mobile World Congress in February 2016.

Samsung Pay makes European debut in Spain was written by Rian Boden and published by NFCW.

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Samsung Pay hits 5m users and is set for global expansion in 2016 https://www.nfcw.com/2016/02/21/342462/samsung-pay-hits-5m-users-set-global-expansion-2016/ Sun, 21 Feb 2016 19:47:29 +0000 http://www.nfcw.com/?p=42462 Samsung Pay now has approximately five million users in South Korea and the US who have processed more than $500m through the mobile payment service in the first six months since its launch. The service is due to be rolled out in China next month, Samsung has revealed, followed by a global expansion to Australia, Brazil, Singapore, Spain, the UK and Canada later in the year.

Samsung Pay hits 5m users and is set for global expansion in 2016 was written by Rian Boden and published by NFCW.

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Samsung Pay
WORLD CLASS: Samsung Pay will continue to expand across the globe during 2016

Samsung Pay now has approximately five million users in South Korea and the US who have processed more than $500m through the mobile payment service in the first six months since its launch. The service is due to be rolled out in China next month, Samsung has revealed, followed by a global expansion to Australia, Brazil, Singapore, Spain, the UK and Canada later in the year.

Support for transit passes, coupons and membership cards is also set to be added to the service alongside current support for eligible credit and debit cards from more than 70 major and regional banks. Gift cards were added through a partnership with Blackhawk Network in October 2015.

“In addition to mobile payment, Samsung is partnering with BC Card, Hana Card, KB Kookmin Card, Lotte Card, NH Nonghyup Card and Samsung Card to provide a quick and easy online payment service in South Korea,” the company says.

“By adding this new service, consumers will be able to use the Samsung Pay fingerprint authentication to pay online. In 2016, Samsung Pay will support four major payment networks, including American Express, China UnionPay, MasterCard and Visa.”

Supporting banks and partners for the global expansion of Samsung Pay include:

  • Abanca, American Express, Banco do Brasil, Banco Sabadell, Bradesco, Brasil Pre-Pagos, Caixa, CaixaBank, China Construction Bank, China Everbright Bank, China Guangfa Bank, China Minsheng Banking Corp, DBS, El Corte Inglés, ImaginBank, Industrial and Commercial Bank of China, Itaú Unibanco, MBNA, Nationwide Building Society, Nu Bank, OCBC Bank, Ping An Bank, Porto Seguro, Santander, Standard Chartered Bank and Transport for London (TfL).

New frontiers

The mobile payment service will also be compatible with the new Samsung Galaxy S7 and S7 Edge flagship devices, unveiled at the Samsung Unpacked event at Mobile World Congress in Barcelona.

“With Samsung Pay and S7/S7 Edge, we are forging new frontiers with the mobile wallet that will transform how you choose to pay almost any place you can tap and swipe a card,” DJ Koh, global president of the mobile communications division at Samsung, told attendees.

“Since its introduction last year, Samsung Pay has changed the way people pay and use their smartphones,” says Samsung’s Injong Rhee. “We’ve already seen significant consumer adoption and we continue to see great momentum.

“Our aim is to expand Samsung Pay to even more locations around the world and our customers should expect to see more features in the year to come.”

Samsung Pay was launched in Korea in August 2015 and in the US in September 2015. It’s launch in China in partnership with China UnionPay was announced in December.

Samsung Pay hits 5m users and is set for global expansion in 2016 was written by Rian Boden and published by NFCW.

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