Bizum

Bizum is a pioneer success story in Europe, with almost 30 million users in Spain (more than half of Spanish population). Since its launch in 2016, Bizum has gradually triggered a revolution in the Spanish and European financial landscape. More than simply a mobile payment solution, Bizum has represented a change of habits in the way consumers make payments in more and more areas of life; and in the same way businesses, companies, administrations and organizations collect and receive funds and payments. Bizum emerged as a joint initiative of Spanish banks to simplify the procedures and bureaucracy of traditional transfers, while maintaining the same standards and security… and all completed in less than 5 seconds. With Bizum, users can send and receive money instantly and pay online quickly, easily and safely (A2A and e-commerce payments; also donations). During 2024, Bizum users made an average of 3 million bizums per day, which means 35 bizums per second.