BBVA to Test Invisible Payments at ‘Ciudad BBVA’

BBVA.Com

Spanish bank BBVA will be testing its invisible payment strategy in-house, allowing employees and staff to use an app to pay for purchases without taking out their wallets, the bank announced today.

These invisible payments will be rolled out for testing at “Ciudad BBVA,” the campus that houses the bank in Madrid, Spain. The testing will begin with an “order-ahead app,” according to the bank, which will allow users to pick up coffee or other goods and to pay without the use of a wallet.

The app was designed with the bank’s restaurant partner, Sodexo Iberia, and also allows users to split bills and collect loyalty points. More than 1,000 staff members have already downloaded the app, the bank said in today’s release.

Read more at BBVA and Finextra.

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Grace Noto is Associate Editor of Bank Innovation. She has an MA from the University of Essex, as well as BA in English and a BA in Journalism from SUNY New Paltz. Prior to joining Bank Innovation in the summer of 2016, she worked on Electronic Products Magazine, an online publication surrounding technology and computer engineering, and has worked for other publications, including the Poughkeepsie Journal. She also writes in her spare time, and really needs more hobbies.

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