BBVA Wallet Qorus Banking Innovation Awards 2014 - Winner

BBVA is the first bank to launch a smart, online, virtual wallet in Spain. The BBVA Wallet is a free multi-lingual smartphone application, which is available on Android and iOS. It allows BBVA customers to have a holistic view on all of their BBVA-branded payment cards and 100% control over their finances and spending at anywhere and anytime. It is fully interlinked and integrated with the BBVA online banking platform. BBVA Wallet permits BBVA customers to digitally manage their BBVA-branded debit, credit and corporate payments cards in one place. The smartphone app offers various capabilities, from viewing payment transactions records, to creating photo receipts and personalised financing solutions. Users also have the option to apply for a NFC BBVA Wallet sticker, which permits them to make purchases at physical stores their smartphone at point-of-sale terminals supported by contactless payment technology. Alternatively, BBVA Wallet users can shop online with their virtual BBVA Wallet card. This pre-paid card can be topped up manually or linked to an existing BBVA bank account or payment card to settle invoices by direct debit. In addition, BBVA Wallet users can activate and block their BBVA-branded payment cards via the smartphone app without geographic and time constraints. Different timely promotional offers are also available with payments made using BBVA Wallet. For example, users can earn a 5% discount for petrol purchases at any Repsol gas station based in Spain.