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PayPal is now available at Bankia

Bankia customers can now integrate their PayPal account into the platforms of the bank, thus making users' experience easier. 

Communication Bankia

By  Communication Bankia

Publish on 
04 December 2018 - 11:30

  • The agreement between both companies is the first collaboration of this kind reached by PayPal with a bank in Spain
  • Customers of Bankia can now open and link their PayPal account to the bank's online platforms and use PayPal directly from Bankia
  • PayPal users can select their Bankia card as the preferred method of payment to carry out their transactions on PayPal

These services are part of the strategic agreement announced last March, the first collaboration of this type between PayPal and a Spanish bank.

Therefore, starting today, Bankia customers can open and link their PayPal account to the online platforms of the bank to enjoy the PayPal experience directly from Bankia.

In addition, thanks having their accounts linked, users can enjoy a number of benefits:

  • Add cards: Bankia customers can automatically add their cards to PayPal in an easy, fast and secure manner.
  • Transaction history: Bankia customers can see all the transactions they make with their Bankia cards and bank accounts associated with their PayPal account in the Bankia Online transaction history and the Bankia mobile application.
  • Default funds source: PayPal users can select their Bankia card as the preferred payment method to make their payments on PayPal.
  • Digital display of Bankia cards: PayPal and Bankia customers will see their Bankia cards displayed on the PayPal Wallet when carrying out a payment.
  • Security and convenience: the companies are collaborating more closely and use tokenisation, data and analysis technology, along with anti-fraud tools to provide a safe and more practical shopping experience in both website and mobile online shopping.

"Thanks to this important agreement with PayPal, we allow our customers to operate with the leading payment method in e-commerce," said Felix Uriarte, Bankia's Digital Banking director. "With the integration of PayPal and Bankia we take an important step in our strategic objective of offering our customers the full range of payment methods available in the market," he added.

"We are part of a world in which consumer behaviours change so rapidly that new terms that were unheard of a few years ago emerge from behaviours that are already taking place" said Raimundo Sala, general manager of PayPal in Spain and Portugal. "Who had heard about m-commerce a few years ago, for instance? It is essential to be aware of this and to support the transformation or, rather, the evolution of banking towards the digital sector. Our collaboration with Bankia is a clear example of this and shows how the synergies between online and offline factors can benefit the user, which is our common goal"

About Bankia

Bankia is the fourth largest Spanish bank, with a volume of assets of 214,000 million euros, 8.2 million customers and a network of 2,250 offices spread throughout Spain. Bankia operates through a multi-channel universal banking model through which it serves both individuals and companies.

For more information, visit https://www.bankia.com 

About PayPal

Driven by the fundamental belief that having access to financial services creates opportunities, PayPal (Nasdaq: PYPL) is committed to democratising financial services, encouraging people and businesses to join and thrive in the global economy. Our open digital payments provide our more than 254 million active account holders with the confidence to connect and operate in a new and powerful way, whether online, on a mobile device, on an application or in person. Through a combination of technological innovation and strategic alliances, PayPal creates better ways to manage money and offers options and flexibility when sending, making or receiving payments. Available in more than 200 markets around the world, the PayPal platform, which includes Braintree, Venmo and Xoom, allows consumers and businesses to receive money in more than 100 currencies, withdraw funds in 56 currencies and keep balances in their PayPal accounts in 25 currencies.

For more information about PayPal, see https://www.paypal.com/about. For financial information, see: https://investor.paypal-corp.com.


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Virginia Zafra de Llera


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