The new program enables traders to offer a three, six or 12-month interest-free installment payments period to their customers for qualifying purchases using their "la Caixa" credit card.
Global Payments senior vice president and global head of product Sid Singh said, "Economic conditions continue to be challenging in the local markets, as Spanish consumers look for more value and convenience, and merchants want to continue to sell their high-ticket products and services."
Offering zero interest on credit card purchases during the period, the product is particularly suitable for merchants who seek to increase sales of units such as jewellery, consumer electronics, travel and hospitality, lifestyle products and telecommunications.
Comercia Global provides acquiring and payment processing services to merchants throughout Spain.
la Caixa is a financial group in Spain and has 13 million customers, 6,000 branches and 10,000 ATMs, whereas GPN is an electronic transaction processing services provider located throughout the United States, Canada, Europe and the Asia-Pacific region.
