Bank payments are a new and important innovation. CaixaBank customers can now rely on a new method of bank payments in conjunction with CaixaBank Payments, its payment method subsidiary.
Swatch Pay! Swatch Pay! is a new way to pay. You can download cards from your Swatch watches and make contactless payment with them. Swatch Pay is a payment system for smart wearables that offers a similar user experience to other systems. Swatch watches can be used without internet or memory.
Swatch has made this possible by incorporating the technology necessary to store a digital card securely into its watch models. The watches also have a contactless antenna that allows for payments and linking of cards. Swatch already has several models that have these features, and there are plans for new ones. Swatch Pay! Swatch Pay is currently available in 15 countries around the globe.
CaixaBank, Visa and Swatch have teamed up with each other to make Swatch Pay compatible with the Visa cards they issue. They are fully functional in payment with Swatch watches.
Swatch Pay! is as easy as any other digital payment method. The first step is to download the card to the device that will be used to make the payments. Swatch Pay! must be installed on the customer’s mobile. Application on their mobile. Versions for iOS and Android. It allows you to easily download your CaixaBank Visa Card to your Swatch Watch. Only one card can be downloaded to Swatch Pay!
Android and iOS terminal users simply need to bring their smartphone closer to the Swatch Watch. You can also do it at the shop where you purchased the watch. There they will give you a QR code which they need to scan with their phone. The watch will then be brought closer to your device and the download completed. Swatch customers who purchase their watch online will be able to indicate which card they wish to download and will receive the device properly configured.
After the connection is established, the user can make contactless payment in stores by simply bringing their wrist near the dataphone. These transactions are made in the same way as any contactless card. The PIN number will be required only if the purchase amount exceeds 50 euros or if the POS requires it. security.
Customers will be able manage their CaixaBank Cards, including those they downloaded to Swatch Pay!!, and access services like payment in installments or deferred payments. others. Swatch Pay! It comes with the same security guarantees as CaixaBank payment methods.
CaixaBank is Spain’s leader in mobile payments. It has 3 million customers, 5.2 Million cards enrolled on different mobile devices, and more than 240,000,000 operations performed during 2021, when CaixaBank customers increased mobile payments by 57%.
According to the entity, mobile payments will continue to grow in 2022. It predicts that 2 out 10 card transactions will be made with mobile terminals or wearables by the end.
CaixaBank has a mobile payment option within its CaixaBankNow digital bank application. It is integrated with a variety of services to manage payments. CaixaBankNow offers versions for Android and iOS. CaixaBank cards are also compatible with Apple Pay, Samsung Pay Garmin Pay, FitBit Pay, and Garmin Pay.