23 October 2017
Register now

La Caixa to distribute 200,000 contactless stickers

03 December 2012  |  9001 views  |  3 Spanish Flag 1

Spanish bank la Caixa is to roll out a new contactless payment system in Barcelona, based on TAP Visa stickers for mobile devices. The bank forecasts that 200,000 customers will be using the system by February, when the Mobile World Congress 2013 will be held.

The system is based on a TAP sticker that attaches to the back of mobile devices and is designed to provide secure data transfers. Inside the sticker is an EMV chip containing all the data required to complete payments as if the customer were using their card. The data transfer is fully encrypted and comes with complete security guarantees.

Customers will be able to make payments using their mobile device in the same way as they would using their contactless card and with the same transaction limits. If the transaction is over 20 euro the customer will be asked to enter their pin code into the terminal.

La Caixa has developed a free application to accompany the system launch, which will be available from the bank's applications store, CaixaMóvil Store, as well as other download sites, in versions for iOs, Android and Blackberry. The TAP application allows users to view transaction histories and account balances.

The bank will issues the first stickers to 5000 customers in December. In January sticker distribution will gradually be extended, reaching 200,000 users by February.

La Caixa currently has more than 1.12 million contactless cards in circulation which can be used for low-value payments at more than 50,000 retailers across Spain. It has worked with the Barcelona City Council, the Metropolitan Taxi Institute and Mercats de Barcelona to roll out the contactless system to taxis and municipal markets and has installed a network of 730 contactless ATMs that can be operated without requiring users to enter their cards.

The bank says more than one million contactless transactions have been completed since the nationwide launch in January 2012.

Comments: (3)

A Finextra member
A Finextra member | 04 December, 2012, 03:28

This appears to be a similar initiative to the Barclaycard PayTag NFC stickers that were launched earlier this year in the UK.

The approach of using NFC stickers is far more favorable that relying on a built-in NFC capability within the phone itself, which would only hinder the mass adoption of this mode of payment, as it would exclude the many consumers who do not have an NFC enabled phone.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune | 05 December, 2012, 10:21

Let alone the common man, it looks like even attendees of an august mobile technology event like Mobile World Congress are unlikely to have NFC-enabled smartphones in large enough quantities for the bank to justify developing a mobile wallet app. This doesn't bode too well for the prospects of NFC-based mobile payments.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Matt Scott
Matt Scott - RenovITe Technologies Inc - London | 07 December, 2012, 06:47 Actually before there was Barclaycard PayTag I think TurkCell and YappiKredit deployed NFC Stickers for Mobile Phones - I think that was in 2008/2009 (maybe earlier I'm struggling to recall). It does seem to be a bridging step until NFC Support in the devices is widespread and the back-end management/post-issuance management has been standardised.
Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

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

Related stories

La Caixa FinAppsParty doles out prizes

La Caixa FinAppsParty doles out prizes

07 November 2012  |  5475 views  |  0 comments | 4 tweets | 1 linkedin
La Caixa opens access to banking via TV remote

La Caixa opens access to banking via TV remote

03 February 2012  |  7711 views  |  0 comments
La Caixa turns Barcelona contactless

La Caixa turns Barcelona contactless

12 January 2012  |  8062 views  |  0 comments
La Caixa introduces contactless ATMs

La Caixa introduces contactless ATMs

05 April 2011  |  13916 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.vasco.comRegister now

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
15665 views comments | 17 tweets | 30 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
13679 views comments | 22 tweets | 28 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10063 views comments | 12 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9961 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8958 views comments | 9 tweets | 18 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job