BBVA has started testing a facial recognition payment application for employees to use at cafeterias and restaurants at the Ciudad BBVA office and business conference complex in Madrid.
Caixa Bank and its partners in Spain's first cross-industry collaboration to advance payments technology have officially launched their research lab in Barcelona.
Revenue growth in its merchant payments business is expected to be tepid in the foreseeable future. The Minneapolis company says it is looking to ramp up innovation to stay competitive in a business that has been upended by fintech firms and online shopping.
Chinese tourists visiting Spain will be able to shop at Spanish stores using their Alipay mobile wallets through an agreement between BBVA Group and Ant Financial Services, the Alibaba affiliate that operates Alipay.
Several leading banks and corporations in Spain are launching a cross-industry development platform called Red Lyra, leveraging blockchain technology to streamline the creation of services that use digital identities.
Banco Bilbao Vizcaya Argentaria SA, Spain’s No. 2 lender, has executed its first cross-border payments through a system based on the software that supports bitcoin.
After launching a mobile pre-order and pre-pay app at Five Guys burger locations in Paris and Madrid, Ingenico ePayments is preparing to make the system available at the chain's restaurants throughout Europe in the coming months.
Apps that allow consumers to order and pay in the same experience are infiltrating the restaurant industry, and Mastercard is arming itself for competition.
