La Caixa launches NFC payment service in Spain

The mobile NFC payment service will enable La Caixa customers to use their mobile devices to make purchases at merchants and retailers without having to attach stickers or other accessories to their handsets. Data is transferred from the mobile device to an in-store point of sale (POS) terminal using the phone’s NFC technology.

The bank card data will be stored encrypted on the mobile’s NFC SIM card. Also, customers can combine all their La Caixa cards on their mobile device, regardless of what types of card they use (debit, credit, prepay or others).