CaixaBank starts adapting its cards and POS terminals to facilitate PIN-less spending limit increase on contactless payments from €20 to €50

• CaixaBank Pay, the bank's mobile payment solution developed in collaboration with Samsung Pay, Apple Pay, Garmin Pay and Fitbit Pay, enables payments to be made through these devices with no need to touch the store's POS terminal.
• Clients with compatible phones can download the CaixaBank Pay app and enrol their cards to safely pay for their purchases by phone.
• CaixaBank is Spain's leading financial institution in digital payments, with 17.9 million cards, over 1.4 million mobile payment clients and more than 478,000 POS terminals.

Following the agreement between financial institutions that comprise the Spanish card payment system (Sistema de Tarjetas y Medios de Pago, or STMP), CaixaBank has initiated the technical adaptation process of the bank’s cards and POS terminals to facilitate the increase in the spending limit on contactless payments that do not require PIN from €20 to €50, starting on 30th March. 

In parallel, CaixaBank Pay, the bank's mobile payment solution developed in collaboration with Samsung Pay, Apple Pay, Garmin Pay and Fitbit Pay, enables payments to be made through these devices with no need to touch the store's POS terminal. These transactions can cover any amount, and they are validated through biometric technology, such as fingerprints or facial recognition. Customers who have compatible phones can download the CaixaBank Pay app and, in just two minutes, enrol their cards and link them to their Samsung Pay, Apple Pay, Garmin Pay and Fitbit Pay devices to safely pay for their purchases.

CaixaBank, chaired by Jordi Gual and with Gonzalo Gortázar as its CEO, is Spain's leading bank in digital payments, with more than 17.9 million cards in circulation, a 23.5% market share in terms of card issuance and a 27.5% market share in business invoicing, as well as over 478,000 POS terminals, all of which underpin contactless technology.