06 February 2016

Europe's largest department store group goes contactless

28 January 2014  |  6223 views  |  0 NFC 4

Spanish department store group El Corte Inglés has installed thousands of contactless terminals in its shopping centres, enabling customers to make payments with a tap of their cards or mobile phones.

Having secured Visa Europe certification, the group has so far replaced around a quarter of its terminals - 5200 - with the new contactless units. By the end of the year, 60% of all terminals should have the technology.

Customers will be able to make low value purchases with a tap of their bank card or NFC-enabled mobile phones. For purchases of more than EUR20, a PIN is also needed.

Tap and go payments have been gathering momentum in Spain - in November up to 2.1 million Visa contactless transactions took place in the country, up nearly 400% on the previous year.

Luis García Cristobal, GM, Spain and Portugal, Visa, says: "It is very important that leading retail groups, such as El Corte Inglés, commit themselves with the innovation of payment technologies, so that their clients can benefit from the convenience, speed and security offered by contactless payments."
KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

28 January, 2014
22 January, 2014
17 December, 2013
08 November, 2013
25 July, 2013
20 May, 2013

Related company news

 
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
Fintech rising: Resistance is futile, says...
9332 views comments | 47 tweets | 38 linkedin
Digital transformation driving earnings at...
8078 views comments | 39 tweets | 35 linkedin
ECB eyes up European P2P payments
7420 views comments | 27 tweets | 37 linkedin
Visa opens up to developers
6091 views comments | 23 tweets | 39 linkedin
Mondo releases API to let customers play w...
5662 views comments | 22 tweets | 21 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job