The rising prices of electricity, fuel and the shopping basket. Many people have difficulty reaching the end month. This situation has gotten worse in recent months. Some banks have implemented mechanisms to facilitate payments. BBVA is following the 'buy Now, Pay Later' trend.
This is a deferred and divided method of payment that usually does not charge interest or commissions to the client. Customers can split the payment with this Aqua card, which allows them to do so without any interest or deferment fees. BBVA has confirmed that the Aqua Maxima and Aqua Mas credit cards will have it. The current debit card system will be maintained.
Customers who have the Aqua Mas credit card will now be eligible to receive deferred and monthly installment payments. This isn't the only service. The new card will allow customers to claim against merchants if the purchase doesn't arrive on time, arrives damaged, or the customer simply wants to make a change.
It is evident that the modality of buy-now-pay later has become a popular trend in Europe and the United States. Banco Santander was the first to announce it.
Caixabank launched iZZinow, their 'buy now, remit later' installment payment system, a little more than a month ago. This allows customers to activate the splitting of their purchases at any time, easy and simple and then use it in all shops.