Bizum

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

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