CaixaBank Payments & Consumer, a specialist in consumer financing and payment methods, is making strides in the Iberian market with over 34 million cards, more than 16 million customers, and a 31% share in invoicing purchases.
CaixaBank has become the first financial institution in Spain to offer installment payment options via Apple Pay. This feature is available to CaixaBank customers using a MyCard or qualifying Visa or Mastercard credit cards, allowing them to split payments for online or in-app purchases.
When checking out with Apple Pay on iPhone or iPad, users can choose their eligible credit card and select “Pay Later” to view available installment plans. They can opt for plans ranging from two to 12 months, depending on their card terms, before completing the purchase through Apple Pay.
This announcement builds on the “Buy Now Pay Later” options launched in 2022 via CaixaBank’s mobile app. Additionally, CaixaBank recently introduced Tap To Pay on iPhone, enabling businesses in Spain to accept in-person payments without requiring extra hardware or payment terminals, continuing its leadership in NFC mobile payments in the country.