26 June 2017
Visit cib.db.com

Europe's largest department store group goes contactless

28 January 2014  |  6814 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)

Finextra news in your inbox

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

Related stories

DeviceFidelity provides NFC sheaths for Isis mobile payments on the iPhone

DeviceFidelity provides NFC sheaths for Isis mobile payments on the iPhone

28 January 2014  |  4432 views  |  1 comments | 3 tweets | 6 linkedin
E-commerce, mobile and contactless driving growth at Visa Europe

E-commerce, mobile and contactless driving growth at Visa Europe

22 January 2014  |  9354 views  |  0 comments | 17 tweets | 21 linkedin
TfL celebrates 6.5 million contactless bus journeys in first year of operation

TfL celebrates 6.5 million contactless bus journeys in first year of operation

17 December 2013  |  4797 views  |  0 comments | 7 tweets | 3 linkedin
Orange and Visa team on NFC m-payments in France

Orange and Visa team on NFC m-payments in France

08 November 2013  |  5295 views  |  0 comments | 10 tweets | 8 linkedin
Visa hails Slovakia as a 'hero' market for contactless technology

Visa hails Slovakia as a 'hero' market for contactless technology

25 July 2013  |  7779 views  |  1 comments | 8 tweets | 6 linkedin
Contactless payments reach 'watershed moment' - Visa Europe

Contactless payments reach 'watershed moment' - Visa Europe

20 May 2013  |  10431 views  |  6 comments | 17 tweets | 18 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit vasco.com/news/PSD2-compliant-solutionsvisit www.response.ncr.comvisit www.finastra.com

Top topics

Most viewed Most shared
Live: EBAday 2017, day twoLive: EBAday 2017, day two
10438 views comments | 4 tweets | 5 linkedin
Live: EBAday 2017, day oneLive: EBAday 2017, day one
9529 views comments | 3 tweets | 4 linkedin
ECB preps eurozone-wide instant payments serviceECB preps eurozone-wide instant payments s...
8299 views comments | 19 tweets | 33 linkedin
What Banks and their customers can expect for the futureWhat Banks and their customers can expect...
8210 views comments | 7 tweets | 10 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job