Bizum

Last updated • 1 min readFrom Wikipedia, The Free Encyclopedia
Bizum S.L.
Company type Sociedad limitada
Industry Fintech
Founded27 June 2016;8 years ago (2016-06-27)
Headquarters
Calle Francisco Sancha, 12, Madrid
,
Spain
Area served
 Spain

Bizum is an payment service provider launched in 2016 as an initiative of the Spanish banking system.

Contents

History

Constituted on 27 June 2016, [1] Bizum was jointly launched by 27 Spanish banking entities, including CaixaBank, BBVA, and Banco Sabadell. Originally an payment system between people (P2P), it later allowed transfers between people and e-commerce and institutions. [2] Bizum joined the European Mobile Payment Systems Association in 2022. [3]

In 2024, it had 27.6 million active users. [4] In 2024, Bizum also announced plans to launch Bizum Pay in 2025, allowing for NFC payments. [5] After an agreement with Italy's Bancomat Pay and Portugal's MB Way, it was enabled inter-operability of payments among clients of Santander, ABANCA and Openbank in Spain, Italy, Portugal, and Andorra starting on 31 March 2025. [6]

Shareholders

In 2022, the shareholding structure was as follows: [7]

References

  1. ↑ Villacorta, Miguel (30 January 2025). "Adiós a pagar con tarjeta: así será el nuevo método para hacerlo con el móvil de forma instantánea". Invertia– via El Español.
  2. ↑ Perea‑Khalifi, David; Irimia‑Diéguez3, Ana I.; Palos‑Sánchez, Pedro (2024). "Exploring the determinants of the user experience in P2P payment systems in Spain: a text mining approach". Financial Innovation. 10 (2). doi: 10.1186/s40854-023-00496-0 .{{cite journal}}: CS1 maint: numeric names: authors list (link)
  3. ↑ Gutiérrez, Hugo (18 January 2023). "Revolución en el mundo de los pagos: en 2022 se realizaron 24 'bizums' por segundo". El País .
  4. ↑ Barón Sáiz, Marta (2024). "Pagos instantáneos: la nueva normalidad y el reto de la Unión Europea". Información Comercial Española, Revista de Economía (937). doi: 10.32796/ice.2024.937.7859 .
  5. ↑ Mora, Luis Miguel (28 November 2024). "Cambio radical en los Bizum: estas son las novedades que llegarán en 2025". La Provincia . Prensa Ibérica.
  6. ↑ Ponz, Carlos (2 April 2025). "Ya se puede hacer Bizum con Italia, Portugal o Andorra. Tres bancos españoles ya lo permiten". Territorio Fintech.
  7. ↑ "Unicaja Banco entra en el consejo de administración de Bizum". Europa Press . 25 March 2022.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.