Spain: BBVA Trial Part of Budding M-Payment Strategy
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The internal trial enabled staffers to tap their assigned Nokia 6131 NFC phones preloaded with a Visa payWave credit or debit application at a handful of merchant locations in Madrid. The big Spanish bank has held at least three NFC trials, including another one involving transit ticketing. In August 2009, the bank also experimented with SD cards storing its payment application for a trial involving employees. The SD card would have likely been fitted with RF antennas.
BBVA is keen to develop mobile banking and payment services and had hoped its NFC trials would lead to rollouts. The bank has even appointed a “chief mobility officer.” But there are few contactless terminals in Spain and even fewer NFC phones available. Among other things, some participants in its trials didn’t like the phone models used, according to the bank. The trial with SD cards is significant because it means BBVA is looking into the possibility of introducing contactless-mobile payment without have to work directly with mobile operators.
* Trusted Service Manager: Defined loosely to include companies or other organizations securely distributing, provisioning and managing applications, generally over the air, on secure elements in NFC mobile phones; or licensing their platforms for this purpose.
N/A: Not available or not applicable.
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