Payments infrastructure company EBA CLEARING successfully completed the first pan-European proof of concept for the R2P (Request To Pay) service. This digital messaging service is designed to streamline collection processes and can help boost instant transfers and electronic billing in the region. BBVA and seven other multinational payment service providers took part in the trial. They proved capable of exchanging payment requests in milliseconds.

Garanti BBVA Digital Assets will shortly be offering Avalanche c-chain support for AVAX coins to users of its Garanti BBVA Crypto mobile platform.

Garanti BBVA Digital Asset’s crypto app, ‘Garanti BBVA Crypto’ was recently presented the award for ‘Pioneers of Digital Finance’ by KPMG Turkey and the Financial Innovation and Technology Association (FINTR).

The international publication has granted two ‘Innovators Awards’ to BBVA for its crypto asset service in Switzerland and for an automated process the bank has developed to guide the creation and application of machine learning models for the early detection and management of debt.

Exoticca, a leading company in the digitization of big-ticket travel, has announced the signing of a €4 million finance agreement with BBVA Spark. This loan agreement will facilitate the company's expansion in Latin America. The financing is supported by the European Union and the European Investment Fund under the InvestEU Fund program.

Innovation is the driver of transformation at BBVA. In order to continue bringing our culture of innovation to all corners of the Group, the bank has created ‘_ableChallenge’, a specific program with which it invites its technology teams to develop innovative new products and services to solve real problems at the bank. The goal is to provide the tools, time and space to encourage them to think ‘outside the box’. “Innovation is a skill that can be trained. In the Engineering area, we seek to inspire and motivate our talent so they can discover and develop this potential,” said José Luis Elechiguerra, Global Head of Engineering at BBVA.