The payment methods They have evolved adapting to technologies. Although cash continues to be used by a large part of the population, especially in physical establishments, as shown in a 2023 report on the use of cash from the Bank of Spain, “mobile devices and online payment platforms increase their possession and use compared to to 2022.
One of those platforms fully installed in Spain is Bizum. More than 27 million users They use this platform. In addition, more than 70,000 businesses accept payments through this method, according to the company itself.
This method is popular among individuals for its immediacy and simplicity. To pay for a meal between several friends, easily dividing the bill between everyone and without wasting time with calculations, to give a gift or simply to pay small amounts such as a coffee.
Bizum, already consolidated in our country, brings some new features for its users next year. As indicated by the platform, since its creation, a «vision of Bizum international». They point out that thanks to being based on the SEPA immediate transfer system, the application is prepared to operate with any IBAN in the euro zone.
The news for Bizum users
That’s where the first news comes. “We have launched the EuroPA initiative together with BANCOMAT (Bancomat Pay, Italy) and SIBS (MB WAY, Portugal), companies that are counterparts to Bizum in their respective markets,” explains Bizum in a statement.
They emphasize from the platform that this project will allow users to make instant payments using their mobile phone in the three countries. “It is planned that At the end of 2024, a first experience for Bizum International payments will be carried out between individuals,” they say on their website. In this way, in a few months, in 2025, this system could be widespread for users in the three nations.
Likewise, they emphasize that “work is being done to integrate more solutions from other countries.” This is in addition to the use of Bizum International that is already operational between Spain and Andorra.
On the other hand, Ángel Nigorra, general director of Bizum, declared, as reported by Europa Press, that next year is very important for the company: «Our entities plan to deploy in-person payment and expand our horizon, both geographically and with new areas of action, such as digital identification.
In this sense, the aforementioned agency states that Bizum plans extend your activity to face-to-face payments through NFC technology. Europa Press details that it will also be deployed Bizum Payan application that will allow you to pay with the platform and incorporate cards from participating banks.
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