BBVA's Final Warning: There's No Turning Back and the Measure Will Remain Forever

BBVA has confirmed that the measure allowing payments without entering the PIN for purchases under 50 euros will remain in effect. This decision puts an end to uncertainty that had been lingering among the bank's customers for some time. The Spanish bank, in its effort to adapt to circumstances, clarified that this measure will be consolidated as a long-term practice.

The decision to allow payments without a PIN for purchases under 50 euros originated from the situation caused by the coronavirus pandemic. In March 2020, the main Spanish banks, including BBVA, reached an agreement to reduce physical contact in payments. This way, they minimized the risk of contagion at a critical moment.

The measure, which originally replied to the need to protect users' health, was quickly implemented throughout the country. It allowed people to pay without the need to touch the terminal to enter their PIN code for smaller transactions.

Since then, customers of BBVA and other banks have become accustomed to this contactless payment method. It offers greater convenience by reducing the need to touch surfaces in public places, such as stores and shops.

As time passed, the measure proved to be effective not only in terms of health security but also in simplifying everyday purchases.

BBVA Confirms the Consolidation of the Measure

BBVA confirms that there is no turning back on this practice and that it will continue to be maintained over time. The PIN-free payment system has worked so well that no entity plans to modify it. This measure, which is also applied by other banks, has been very well received by customers, who appreciate the ease and speed with which they can make their purchases.

Some users have expressed satisfaction with the convenience of not having to remember their PIN for every purchase. This greatly facilitates the experience every time something is purchased.

What Risks Does This Measure Involve?

However, the measure also has its weaknesses. The main concern among some users is the security risk of not having to enter the PIN. In case of theft or loss of the card, someone could use it to make small purchases without needing to verify their identity with a PIN.

Despite these risks, BBVA has assured that the cards are protected by advanced technologies. This includes fraud detection systems, which aim to prevent unauthorized payments. Additionally, the PIN-free payment measure only applies to transactions under 50 euros, limiting the maximum amount that can be spent without verification.

In this regard, the recommendation from BBVA and other banks is to always be vigilant with cards and report any loss or theft immediately. This way, the risk of someone else fraudulently using the card is reduced.