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Spain’s Banking Sector Adapts as Nationwide Power Outage Disrupts Physical Services

Digital banking remains fully operational through backup systems, while ATMs and branches in powerless areas face closures and disruptions.

Una mujer consulta su móvil junto a un cajero automático este lunes en Barcelona.
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Overview

  • A massive power outage across Spain has disrupted ATMs and card payment terminals in areas without electricity, halting cash withdrawals and in-person transactions.
  • Digital banking services, including online and mobile platforms, continue to function normally thanks to backup systems implemented by major banks like CaixaBank, BBVA, and Banco Sabadell.
  • Spain’s stock markets are operating without interruption during the blackout, as confirmed by the Comisión Nacional del Mercado de Valores (CNMV).
  • Banks have implemented contingency measures, including the use of generators at corporate headquarters and the closure of branches in affected areas to ensure safety and service reliability.
  • Investigations are underway into the causes of the blackout, which has impacted critical infrastructure across Spain, Portugal, and parts of France.