Bizum
Spanish mobile payments system
From Wikipedia, the free encyclopedia
Bizum is a payment service provider launched in 2016 as an initiative of the Spanish banking system.
 | |
| Company type | Sociedad limitada |
|---|---|
| Industry | Fintech |
| Founded | 27 June 2016 |
| Headquarters | Calle Francisco Sancha, 12, Madrid , Spain |
Area served | Spain |
| Website | bizum |
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]
In 2024, Bizum joined forces with Italy's Bancomat Pay and Portugal's MB Way to launch the European Payments Alliance (EuropPA), an agreement that enables 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]
- CaixaBank 24%
- Santander 20.91%
- BBVA 18,2%
- Banco Sabadell 11.82%
- Unicaja Banco 4.43%
- Kutxabank 3.61%
- Banco Cooperativo Español (Grupo Caja Rural) 3.56%
- Ibercaja 2.65%
- Banco de Crédito Cooperativo (Grupo Cajamar) 2.64%
- Abanca 2.53%
- Bankinter 2.44%
- Laboral Kutxa 1.2%
See also
- Instant payment
- Blik in Poland
- iDEAL in the Netherlands
- Swish (payment) in Sweden
- TWINT in Switzerland
