What's New in Payments

Uber leverages open banking to provide in-app financial services to drivers in Mexico

BBVA, in alliance with Uber, launches first banking product in Mexico that operates in third party app — BBVA — “For the first time we are offering a BBVA product that will ‘live’ in a third party’s platform. In other words, we are bringing the bank to our partner, who in turn is bringing us to their drivers and delivery partners, so they can take advantage of all the benefits that the bank has to offer, all with a single click.”


What's New in Payments

BBVA to roll out single mobile payments platform for all its banks around the world

BBVA builds a global payment platform for the future — BBVA — “BBVA Group has developed a platform to facilitate mobile payments across all the countries in its footprint. The platform developed by BBVA connects to Visa and Mastercard directly from each country’s application and provides the data required to process digital transactions from a smartphone”


What's New in Payments

BBVA tests face recognition payments

BBVA launches facial recognition payments — BBVA — “Customers in the bank’s restaurants simply have to smile (or not, depending on their mood) at a camera booth next to the cash registers, and provided they have registered, the system identifies them and automatically bills the customer for the purchase… Colleagues can also use the dedicated Selfie & Go app to order their drinks ahead, with the system automatically charging the customer when they collect.”


What's New in Payments

BBVA bank staff to test face recognition for self-serve restaurant orders and payments

BBVA launches its ‘invisible payments’ strategy — BBVA — “BBVA is already working on developing a facial recognition system to allow users to pick up their food and sit down directly, without needing to make a manual payment, or for anyone to check the user’s identity… The system uses machine learning algorithms through which the machines ‘learn’ to identify both the faces of users and products on the tray in order to make the correct charge on their card.”



What's New in Payments

BBVA brings Alipay to Spain

BBVA brings Alipay to Spain — BBVA — “BBVA will integrate Alipay into the bank’s Smartpay service, which turns a cell phone into a means of payment… Stores already using the service simply need to update the Smartpay app to be able to accept payments with Alipay. BBVA is also working with the large chain stores in Spain to prepare them to accept payments with Alipay as early as possible.”


What's New in Payments

New BBVA Wallet release provides enhanced functionality and convenience

New BBVA Wallet release provides enhanced functionality and convenience — BBVA Compass — “MLC uses geolocation information being transmitted by a customer’s mobile device as a means of approving debit card transactions for customers when they travel. When a customer enrolls in MLC, the bank is able to know at the time of purchase whether the cardholder’s device is nearby.”


BBVA makes eight APIs available to kickstart open banking program

BBVA API Market

Spanish bank BBVA has launched its open banking program by making eight of its APIs commercially available for the first time, meaning that third-party companies including startups and developers will be able to build new products and services by accessing and integrating customers’ banking data into their applications. More


BBVA integrates its financial services into social and messaging networks

BBVA integrates its financial services into social and messaging networks — BBVA — “BBVA customers can now interact in Spain with the bank via social networks and instant messaging services. BBVA has developed two new tools, Chatbot and BBVA Cashup, which allow customers to access financial information via Facebook and Telegram, and also to make payments via Bizum from Whatsapp or any messaging service.”





BBVA adds card controls to mobile wallet

Spanish bank BBVA has updated its BBVA Wallet app, allowing customers to use their mobile phone to limit plastic cards for ecommerce or ATM withdrawals, as well as turning cards ‘on’ and ‘off’ at any time... More









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