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Wallet Database


23rd of January 2017


  • Summary: Bizum is an account to account payment solution integrated into the bank app that allows instant P2P payments on mobile devices (Android and iOS). Bizum is operating in Spain only and was launched in Sep 16, backed by the main banks in Spain

  • Website

  • Status: Live 

  • Market: Spain (Sep ’16)

  • OwnershipSociedad de Procedimientos de Pagos, S.L. (It belongs to 27 Spanish Banks)

  • Functions: P2P payments only

  • Payment Mode: Account to account

  • Channel: SMS

  • Roadmap: Retail payments (online and in-store)

User Experience

  • Registration & set up: User will need to sign up for the service, downloading an additional app from the mobile banking app of one of the participating banks. It can also be downloaded from Google Play and App Store. User must have a bank account in one of the participating bank and a smartphone running Android 4.4 or higher or iOS system

  • Making a payment: Entering the phone number or selecting the recipient from the contact list (Update to follow – further information being obtained)

Payment Flows & Technology

  • Merchant perspective: Not available for merchants yet. Funds are transferred from one bank account to another instantly (Update to follow – further information being obtained)

  • Security: Bizum is integrated into the bank account, so no need to enter data into a mobile application. Additionally, Bizum is backed by the security systems of the banks and also complies with banking regulations on payments and data protection

Business Model

  • Strategy: (Update to follow – further information being obtained)

  • Payee fee: No charge for consumers

  • Payer fee: Not available for merchants yet 

Performance Data

Contact (MobeyForum Members only)

  • Name: N/A

  • Address: N/A

  • Email: N/A

  • Phone: N/A