Madrid – BBVA is rolling out a new feature for its Virtual TPV (point-of-sale terminal) aimed at simplifying recurring payments for businesses and customers alike.The upgrade responds to the growing trend of subscription-based services and installment plans, offering a more automated and secure option to traditional direct debit methods. This move by the Spain-based financial group, which also has a significant presence in latin America [[3]], highlights a broader industry shift towards streamlined digital financial solutions for both merchants and consumers.
BBVA is expanding its digital capabilities for businesses with a new tool designed to streamline recurring payment management, offering an alternative to traditional direct debit systems. The new feature simplifies the process for merchants accepting subscription fees, installment payments, rentals, or any service requiring regular charges.
Merchants utilizing BBVA’s Virtual TPV (point-of-sale terminal) simply register customers through an administration portal, then send a secure link for card registration and plan configuration – including amount, frequency, and start date. The system then automatically processes charges on the scheduled dates, with automatic retries for declined transactions, increasing payment success rates.
The solution supports various plan types, including indefinite recurring payments, fixed-term subscriptions, and installment plans for a total amount. Merchants can customize each payment, simulate amounts, add enrollment fees or additional charges, and adapt payments to specific periods, such as seasonal adjustments for businesses like gyms or academies. Businesses can monitor payment status, review completed and pending transactions, modify active plans, and deactivate plans as needed directly through the Virtual TPV web interface.
BBVA emphasizes the security and ease of use for customers, who receive a link to register their card and authorize the transaction through their bank’s online banking platform. This process ensures customer payment data is not shared with the merchant and eliminates the need for additional actions. The system also allows customers to register multiple cards for flexible payment options.
This functionality represents a continued investment by BBVA in digital solutions for businesses, aiming to improve payment efficiency, reduce administrative burdens, and enhance financial predictability. Automating recurring payments minimizes errors associated with manual processing and provides a complete audit trail within the platform. The move comes as more businesses adopt subscription and recurring revenue models, seeking streamlined operational processes.
For customers, the process offers a more user-friendly experience with a single registration point and the assurance of on-time payments. This simplification is increasingly valued for frequently used services, reducing the risk of missed payments or unnecessary administrative tasks.
“Many businesses are already adopting subscription or recurring payment models, and for them, having a system that works in the background, without technical complications, is real support,” said Antonio Macías, BBVA’s Head of Business Solutions in Spain. “Being able to easily register customers and let the tool manage the rest helps free up time and improve the day-to-day operations for those running a business.”
