TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • Open RAN
  • Digital Platforms and Services
  • 5G
  • Access Evolution
  • Private Networks
  • Cloud Native
  • Edge
  • Open Networking
  • Sustainability
  • AI, Analytics and Automation
  • 6G Research and Innovation
  • Security
  • More Topics
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • |
  • About
  • Contact
  • |
  • Connect with us
  • 5G
  • 6G Research and Innovation
  • Access Evolution
  • AI, Analytics and Automation
  • Cloud Native
  • Digital Platforms and Services
  • Edge
  • Open Networking
  • Open RAN
  • Private Networks
  • Security
  • Sustainability
  • Connect with TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Finance & Banking

Finance & Banking

Movistar launches Movistar Money in Spain, a consumer loan service for its customers

Via Telefonica Press Room

May 14, 2019

Madrid, 21 March 2019.- Movistar launches Movistar Money in Spain, a consumer loan service with which the company's customers can easily obtain a credit of up to 3,000 euros in less than 48 hours, without documentation or opening or study fees.

This Telefónica initiative forms part of the new digital services that the company places at the centre of its strategy with the aim of breaking down barriers and making life easier for users. In this case, Movistar Money offers them the possibility of applying for credit in an easy, agile and secure way.

The service, which will be available from 10 April for all those who hold a mobile contract with Movistar, was launched in June 2017 although it is only aimed at a group of the company's customers who have ever financed a mobile device.

During this time, Telefónica has seen that customers, accustomed to financing their mobile phones through Telefónica Consumer Finance (TCF), the joint venture between Telefónica and the CaixaBank Group, have naturally experienced the fact that Movistar is now offering financial products in a competitive environment.

The company has taken advantage of its commercial capacity and CaixaBank's experience to offer a simple, undocumented online process that satisfies customers and guarantees the processing of their data.

For Telefónica Spain CEO, Emilio Gayo, "the Movistar Money service is part of the company's strategy to provide new digital services to customers that add value and make their lives easier and, at the same time, help us advance in diversification and revenue growth by taking advantage of our broad customer base".

Movistar's proposal stands out for the simplicity of the contract as the customer requests the loan from any device, with the highest levels of security and confidentiality, in just a few steps and without changing bank or direct deposit the payroll.

To apply for the credit, all the customer has to do is go to the money.movistar.es website and choose the amount to apply for -from 1,000 to 3,000 euros-, the instalment that best adapts to each person's needs depending on the term -24, 36 or 42 months-.

After an easy and quick online identification process, the customer will have the amount of the loan in his account in less than 48 hours, where he will also receive the monthly charge of the instalment selected under the Movistar Money concept.

Telefónica Consumer Finance (TCF), set up in 2014 50% between Telefónica and CaixaBank Consumer Finance to finance terminals for Movistar customers, is the entity that manages this online service exclusively for Movistar customers.

Related Topics
  • Europe,
  • Finance & Banking,
  • Mobile,
  • Product Launch,
  • Telco & CSP,
  • Telefónica,
  • Tracker

More Like This

Digital Platforms & Services

British government wants the UK to be global hub for the cryptocurrency industry

Apr 5, 2022

Finance & Banking

Red Hat’s technologies can enable greater DSPs and financial services’ collaboration

Mar 18, 2022

HPE & Intel

Clearing the capex hurdle

Mar 14, 2022

Digital Platforms & Services

Airtel and Axis Bank announce partnership to bolster India’s digital ecosystem

Mar 8, 2022

Access Evolution

What’s up with… Iliad and Vodafone Italy, Macquarie, Telstra

Feb 7, 2022

This content extract was originally sourced from an external website (Telefonica Press Room) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

10:14

Executive Interview: Vodafone’s Lucia De Miguel Albertos on the ultimate RAN Intelligent Controller

39:34

Figuring out the TCO of Open RAN

6:47

Dell's Role in Open RAN

4:24

Executive Interview: Neil McRae on BT's Open RAN Plans

TelecomTV
Company
  • About Us
  • Media Kit
  • Contact Us
Our Brands
  • DSP Leaders World Forum
  • Great Telco Debate
  • TelecomTV Events
Get In Touch
[email protected]
+44 (0) 207 448 1070
Connect With Us
  • Privacy
  • Cookies
  • Terms of Use
  • Legal Notices
  • Help

TelecomTV is produced by the team at Decisive Media.

© Decisive Media Limited 2022. All rights reserved. All brands and products are the trademarks of their respective holder(s).