Mobile Banking Spurs Payments Landscape in Spain
The advent of digital-only banks is set to foster the transition towards electronic payments in Spain. In order to propel the digitization, Banco Pichincha Spain came up with its digital bank 'Pibank' in September 2018 which facilitates banking services through social networks and mobile apps. Besides, the bank provides a fee-free payroll account which comes with a debit card. In retrospect, January 2016 witnessed CaixaBank launch mobile-only imaginBank—the app helps consumers apply for debit cards, credit cards, current accounts, consumer...
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