Bizum
Bizum is a mobile payment system created by a consortium of Spanish banks in 2016, offering instant transfers by linking users’ bank accounts to their mobile numbers.
-
Country
Spain
-
Population
47 million
-
Number of Internet users
45.6 million
-
Popular payment methods
Digital wallets (PayPal, Apple Pay), Credit/Debit cards (Visa, Mastercard), Bank Transfers (Bizum, Trustly), Buy Now Pay Later (Klarna).
-
Credit Card
25%
-
Debit Card
35%
-
E-wallets
15%
-
Cash Payments
10%
-
Bank Transfers
12%
-
Other
3%
- TypeMobile Payment System
- Currency:Euro (EUR)
- % of coverage:> 50% of Spain’s population
- Money transfers to date:> 1.47 billion
- Total customers:25.3 million
- Refunds:Yes
- Chargebacks:Limited
Bizum
With over 25 million users and growing, it has gained significant traction, covering more than half of Spain’s population. Initially focused on peer-to-peer (P2P) payments, Bizum has expanded its services to support online shopping and in-store payments, enhancing convenience for consumers.
Bizum’s success is tied to its use of SEPA Instant Credit Transfers, ensuring payments are settled in seconds. It has also partnered with over 50 Spanish banks, further boosting its adoption. As it expands, Bizum is poised to become a standard payment option, with plans to integrate with European systems.
Troy
Credit/Debit cardTroy is a national card payment scheme introduced by the Interbank Card Center.
Payfix
Payfix: Discover payment solutions worldwidePayfix is a digital payment account popular in Turkiye. Discover other payment solutions at spoynt.com
Mobile Money
Mobile Money: Discover payment solutions in MalaysiaMobile Money is an e-money service conducting payments via moblie phone. Discover other payment solutions at spoynt.com
Easypay
Easypay: Discover payment solutions in PortugalEasypay is a payment gateway in Portugal, designed to serve small and medium-sized businesses with easy-to-integrate payment solutions.
tPay
Dotpay: Discover payment solutions in PolandThis focus on local preferences allows businesses to cater effectively to Polish consumers, offering them familiar and reliable payment options. With a deep understanding of the market, Tpay helps businesses optimize their payment processes, ensuring higher conversion rates and a smooth customer experience.
Visa
Credit/Debit cardVisa is a multinational financial services corporation founded in the United States.
Lydia
Lydia: Discover payment solutions in FranceLydia started as a peer-to-peer (P2P) payments app in France and has since evolved into a comprehensive financial services platform.
MoMoPay
MoMoPay: Discover payment solutions in VietnamMoMoPay is the most popular digital wallet in Vietnam. Discover other payment solutions at spoynt.com
Zing
Zing: Discover payment solutions worldwideZing is a global payments app. Discover other payment solutions at spoynt.com
Pricing request
Our fare pricing is designed to bring satisfaction to both sides of our partnership. The pricing structure is tailored to your specific business type and monthly turnover. Kindly send us a request, including details about your business, and our dedicated success manager will promptly get back to you with our best offer.