Bizum is a

payment service provider A payment service provider (PSP) is a third-party company that allows businesses to accept electronic payments, such as credit card and debit card payments. PSPs act as intermediaries between those who make payments, i.e. consumers, and those who ...

launched in 2016 as an initiative of the Spanish banking system.

History

Constituted on 27 June 2016, Bizum was jointly launched by 27 Spanish banking entities, including

CaixaBank CaixaBank, S.A. (), formerly Criteria CaixaCorp, is a Spanish multinational financial services company. CaixaBank is based in Valencia, with operative offices in Barcelona and Madrid. It is Spain's third-largest lender by market value, after Ban ...

BBVA Banco Bilbao Vizcaya Argentaria, S.A. (), better known by its initialism BBVA, is a Spanish multinational financial services company based in Bilbao, with operative offices in Madrid. It is one of the largest financial institutions in the world, ...

, and Banco Sabadell. Originally an payment system between people (P2P), it later allowed transfers between people and e-commerce and institutions. Bizum joined the

European Mobile Payment Systems Association The European Mobile Payment Systems Association (EMPSA) is an association that aims to foster collaboration and to enable the use of different mobile payments systems internationally. EMPSA is headquartered in Zurich, Switzerland and chaired by S� ...

in 2022. In 2024, it had 27.6 million active users. In 2024, Bizum also announced plans to launch Bizum Pay in 2025, allowing for NFC payments. In 2024, Bizum joined forces with Italy's Bancomat Pay and Portugal's

MB Way Multibanco is a Portuguese interbank network. It is the largest interbank network in Portugal owned and operated by SIBS (Sociedade Interbancária de Serviços S.A.), that links the ATMs of 27 banks in Portugal, totaling 12,700 machines as of Dec ...

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.

Shareholders

In 2022, the shareholding structure was as follows: *

24% * Santander 20.91% * Banco Sabadell 11.82% * Unicaja Banco 4.43% *

Kutxabank Kutxabank is a Spanish bank founded and based in Bilbao. It was officially created on 1 January 2012 out of the merger of three Basque financial institutions operating in their respective provinces: Bilbao Bizkaia Kutxa (BBK), based in Bilbao; ...

3.61% * Banco Cooperativo Español ( Grupo Caja Rural) 3.56% * Ibercaja 2.65% * Banco de Crédito Cooperativo (Grupo Cajamar) 2.64% *

Abanca ABANCA Corporación Bancaria, S.A. is a Spanish bank based in Galicia. It was created in September in 2011 following the "bankisation" of Novacaixagalicia savings bank. It operates in the autonomous communities of Galicia, Asturias and the p ...

2.53% * Bankinter 2.44% * Laboral Kutxa 1.2%

References

Payment networks Companies based in Madrid Financial services companies of Spain Mobile payments {{Spain-bank-stub

History

Shareholders

See also

References