20 October 2017
Register now

Europe's largest department store group goes contactless

28 January 2014  |  6974 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  |  4571 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  |  9538 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  |  4952 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  |  5416 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  |  7922 views  |  1 comments | 8 tweets | 6 linkedin
Contactless payments reach 'watershed moment' - Visa Europe

Contactless payments reach 'watershed moment' - Visa Europe

20 May 2013  |  10596 views  |  6 comments | 17 tweets | 18 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.vasco.comvisit www.capgemini.com

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15899 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
9006 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8138 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7180 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6325 views comments | 6 tweets | 3 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job