Spain
Press Release

Telefónica has granted more than 28,000 loans with Movistar Money

Bnamericas Published: Tuesday, March 03, 2020
Telefónica has granted more than 28,000 loans with Movistar Money

This is a machine translation of the original press release issued in Spanish

Madrid, March 3, 2020.- Movistar Money has granted more than 28,000 loans, which amounts to a total of 77 million euros since Telefónica started offering this consumer loan service.

In the last year alone, the loans granted amounted to more than 16,000 and the money lent was more than 45 million euros. These figures represent an average of almost 124,000 euros per day.

Movistar Money offers Movistar customers the ability to easily and quickly apply for loans online on the money.movistar. website for up to €4,000. The operation can be performed from any device, with the highest levels of security and confidentiality, without the need for documentation or to change banks. The money is received in a maximum of 48 hours and the user can choose the return term in 24, 36, or 42 months.

Movistar Money customers have positively assessed in a recent survey the immediate approval of loan applications as well as the simplicity of the process since only the DNI and telephone number are needed, without the need to provide any additional documentation. In addition, they have also considered a positive aspect that there are different return deadlines, as well as that up to €4,000 can be requested.

This service is part of Telefónica's strategy of diversifying its activity, offering new digital services to customers and fostering innovation, especially in the field of digital homes.


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