Apple Pay now available to CaixaBank and imaginBank customers offering an easy, secure & private way to pay
CaixaBank, the Spanish banking industry leader in terms of electronic payment methods with more than 15 million cards in circulation, today brings its customers and imaginBank customers Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay that’s fast and convenient. The service is now available for Visa cards issued by CaixaBank.
CaixaBank’s engagement with mobile payments has come hand in hand with the growth of mobile banking. CaixaBank serves 4.2 million customers operating via mobile devices, and was the first bank in Spain to set up a mobile-only bank, imaginBank, where transactions are completed exclusively via apps.
Security and privacy is at the core of Apple Pay. When you use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorized with a one-time unique dynamic security code.
“The launch of Apple Pay strengthens our bank’s leading position in online banking and mobile banking,” said Juan Alcaraz, CaixaBank’s Managing Director. “CaixaBank currently serves the most customers in Spain with mobile phones. Thus, by harnessing innovation and designing new digital solutions we will drive further growth both in terms of customer numbers and transactions, while also enhancing the user experience and service quality, which are central to the CaixaBank business model”.« Back to Member News