Apple Pay’s Update In Spain With Caixabank

Apple Pay has been steadily gaining crushed successful Spain since its motorboat successful 2016, and now CaixaBank has announced a awesome upgrade: customers tin divided payments into installments erstwhile checking retired online aliases in-app.

According to Statista, astir 30 per cent of Spanish consumers utilized Apple Pay for in-person payments betwixt July 2023 and June 2024. The work has go a celebrated prime for contactless purchases, particularly among younger users and predominant online shoppers.

Apple Pay’s emergence successful Spain

Spain was 1 of nan first countries successful Europe to present Apple Pay, rolling it retired successful December 2016 via Banco Santander. Since then, usage has climbed consistently:

• By 2018, Apple Pay was accepted some online and astatine point-of-sale terminals.
• The 2023/24 Statista study shows astir one-third of consumers now usage it regularly for in-person payments.
• Convenience, speed, and information person driven uptake, pinch iPhone and Apple Watch owners starring adoption.

This reflects a broader inclination crossed Europe, wherever mobile payments are gradually overtaking accepted cards.

CaixaBank launches installment payments pinch Apple Pay

In August 2025, CaixaBank became nan first slope successful Spain to fto customers divided online aliases in-app purchases into instalments erstwhile paying pinch Apple Pay.

The characteristic is disposable to customers holding a MyCard aliases eligible Visa/Mastercard in installments card. After adding nan paper to Apple Wallet, users tin prime “Pay Later” during checkout and take from instalment plans ranging from 2 to 12 months, depending connected their card’s conditions.

CaixaBank stated, “CaixaBank is nan first financial entity successful Spain to connection nan expertise to salary pinch instalments erstwhile checking retired pinch Apple Pay to its customers, reaffirming its committedness to some invention and nan caller user trends.”

The slope besides stressed that, arsenic pinch each Apple Pay transactions, Apple does not clasp immoderate personification information linked to nan payment.

CaixaBank’s way grounds of costs innovation

The slope has been astatine nan forefront of costs exertion for years:

• It was nan first successful Spain to adopt NFC mobile payments and contactless cards.
• In 2022, it introduced a “Buy Now, Pay Later” work via its mobile app.
• In 2024, it launched Tap To Pay connected iPhone, enabling businesses to judge payments without further hardware.

Currently, CaixaBank serves 20.5 cardinal customers and counts 12.4 cardinal integer banking users. It was precocious recognised arsenic “Best Bank successful Europe successful Technology” by The Banker, portion of nan Financial Times Group.

For expats and locals, Apple Pay successful Spain has moved beyond tap-to-pay convenience. With CaixaBank’s caller installment option, bigger purchases tin now beryllium dispersed retired much easily.

The debate, however, is whether this makes financial sense. Some whitethorn spot it arsenic a smart budgeting tool, while others fearfulness it could promote overspending astatine a clip erstwhile family indebtedness is already a interest successful Spain.

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