Banco Sabadell continues to lead the way in banking sector innovation and has become the first bank in Spain to incorporate an option to enable credit purchases, with any bank card, directly from a PoS terminal or dataphone. Thanks to the new InstantCredit application created by Sabadell Consumer Finance, the Group’s consumer finance specialist, merchants that have a Banco Sabadell Smart PoS device and which have opted into that service can offer their customers the option to finance their purchases in a quick, secure and 100% digital manner, regardless of whether they are customers of the Bank or not.
For retailers, particularly those operating in health and fitness centres, educational and training establishments, driving instructors, furniture and home decor outlets, opticians and orthopaedic shops, InstantCredit is an improvement that will serve to increase their sales and average ticket, by providing an instalment payment option incorporated in the Smart PoS. It offers a fully digital experience, with a fast, intuitive process and real-time response. It will launch its marketing drive for this product before the end of the year.
In addition to this new feature, the Bank is expanding its range of card payment solutions, complementing the new mini Smart PoS terminal and the dual screen Smart PoS terminal with the mobile PoS, based on an app that converts any NFC-enabled Android smartphone or tablet into a PoS, enabling small businesses and self-employed retailers to accept card payments securely and quickly, without needing an additional device. The solution allows users to generate and send receipts by SMS, email or WhatsApp, making day-to-day life easier for customers and offering an option to complement or serve as backup for a conventional dataphone.
With 20% market share in the Spanish retail PoS segment, Banco Sabadell is reinforcing its commitment to technological innovation with solutions that have significant potential to transform the purchasing experience.
Emiliano Alvarez, Assistant General Manager for Businesses and Self-Employed at Banco Sabadell, explains “this launch forms part of Banco Sabadell’s strategic plan to further strengthen our global offer for businesses and the self-employed, key pillars of our economy. With InstantCredit and SoftPOS mobile PoS, not only do we facilitate access to credit and a fast and secure means of payment, but we also provide innovative tools that will allow all kinds of businesses to improve the customer experience for their consumers and boost their sales. We are convinced that these solutions will mark a turning point in the way retailers sell, offering added value to the benefit of both businesses and consumers”.
