Spanish lender La Caixa has reportedly partnered with Telefonica, Vodafone, Orange and Visa Europe to launch Europe’s largest commercial mobile NFC payments system.
La Caixa plans to launch the service in January for selected customers of the three mobile operators, with the system set to become fully operational by February 2014, in time for the Mobile World Congress in Barcelona.
Go deeper with GlobalData
Through this payment system, La Caixa customers will be able to combine all their cards on their mobile devices securely, and use them to make purchases without having to attach any accessories to their handsets.
According to La Caixa, the new mobile payment service will be available to an extensive number of users from the outset, while Telefónica, Vodafone and Orange together represent more than 80% of the Spanish mobile phone market.
La Caixa claimed that the mobile payments can be made at any of the more than 300,000 NFC-enabled POS terminals in Spain.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
