Bizum
About payment system
Bizum has rapidly become a major player in Spain’s payment landscape, boasting over 25 million users—more than half of the country's population. Originally launched as a peer-to-peer (P2P) payment solution, Bizum has since expanded its offerings to include online shopping and in-store payments, providing greater convenience and versatility for everyday transactions.
Its widespread success is largely due to the use of SEPA Instant Credit Transfers, which enable payments to be completed in just seconds. With partnerships spanning more than 50 Spanish banks, Bizum has achieved strong market penetration and user trust.
Looking ahead, Bizum aims to further solidify its presence by integrating with broader European systems, positioning itself as a standard payment method across the continent.
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