BBVA Launches Global Payments System to Include Cards, Alternative Payment Forms, & Fraud-Prevention Tool

On Tuesday, BBVA announced the launch of its new global payments system that now includes cards, alternative payment forms, and a fraud-prevention tool. The company reported that the platform, which is called Global Gateway, ensures large retailers may accept payments in everything from debit cards and credit cards to bank transfers or Paypal and Alipay as well as virtual payment solutions.  Global Gateway is built on Mastercard Payment Gateway Services infrastructure. 

“The platform offers large retailers a safe, seamless transaction experience, with the same solution available in different countries. By means of a single integration, it allows processing payments from a comprehensive range of payment options, including international and local credit or debit cards, prepaid and virtual cards, bank transfers, PayPal and Alipay payments and the most popular alternative bank transfer services in the EU, such as iDeal, Sofort, Giropay and Multibanco. The platform will continue be updated as new payment methods emerge too.”

BBVA reported that the Global Gateway is now available in Spain, for retailers in all of Europe and will soon be available for other countries, including the United States and Mexico, as well as other Latin American regions. Davide Messina, Mastercard Europe Payment Gateway Services, added:

“At Mastercard, we strive to continually meet the payments needs of our partners and consumers. We are delighted to offer our technology and experience to BBVA, not only in Spain but across its footprint, supporting its constant drive towards innovation, differentiation and streamlining of capabilities within the ever-evolving payments ecosystem.”