Prepared for international expansion

BBVA Wallet is the most widely used mobile bank payment app with 250,000 users


BBVA Wallet, the application used to manage cards that allows BBVA customers to make payments with their smartphones, now boasts 250,000 users. This figure makes it the most widely used bank application for mobile payments in Spain and one of the most popular in the world. BBVA Wallet only works in Spain at present, but it is set be launched this year in the United States, Mexico and Chile. 

BBVA Wallet continues to attract new users at a blistering pace and has already been downloaded 250,000 times. It took just eight months to reach this figure since the app was launched back in December. Estimates indicate half a million BBVA customers may download this application by the end of the year.

These numbers make BBVA Wallet the most widely used mobile payment solution of any bank in Spain, and one of the most widely used in the world. BBVA is also the first bank to use HCE technology (Host Card Emulation) with Visa specifications, which allows customers with Android phones and NFC technology to start making contactless purchases with their smartphones immediately, all they have to do is download the app.

The BBVA Wallet based on the cloud has been rolled out to the employees and customers who are most active in making mobile payments.

The BBVA Wallet update is already working in Spain; and it will be made available to BBVA customers in the United States, Mexico and Chile this year. "Our goal is to make BBVA Wallet a global product and make it available in every country in which we operate", said Sezgin.

For all customers

BBVA Wallet, currently available in Spain, provides a solution for all those customers who have a smartphone. There are two ways of using it:

  • Users with NFC technology on their smartphones -with an Android 4.4 or higher-only have to download the updated application when they are notified that it is available. 
  • Those who do not have NFC technology can continue to request contactless stickers, which is a sticker you put on a smartphone in order to overcome technological gaps, allowing customers to use their smartphones to make mobile payments.

In order to foment the use of BBVA Wallet as a payment system, BBVA launched a new marketing campaign this summer that offers a discount of 10% on all the purchases made between July and September.

BBVA Wallet was honored with the best Mobile Payment Solution award by the 2014 Contactless & Mobile Awards 2014 (CMA 2014).

BBVA Wallet can be downloaded on the Apple and Google Play app stores.

Contact details:

BBVA Corporate Communications

Tel. +34 91 537 45 48

comunicacion.corporativa@bbva.com

For more financial information about BBVA visit:

http://shareholdersandinvestors.bbva.com

For more BBVA news visit: http://press.bbva.com/

About BBVA 

BBVA is a customer-centric global financial services group founded in 1857. The Group has a solid position in Spain, it is the largest financial institution in Mexico and it has leading franchises in South America and the Sunbelt Region of the United States. Its diversified business is focused on high-growth markets and it relies on technology as a key sustainable competitive advantage. Corporate responsibility is at the core of its business model. BBVA fosters financial education and inclusion, and supports scientific research and culture. It operates with the highest integrity, a long-term vision and applies the best practices. The Group is present in the main sustainability indexes.

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