The great change of Bizum that only a few will be able to use

by time news

2023-05-16 21:00:00

bizum grows virally and half spain already uses it: it has 23,553,000 users and is one of the most common forms of payment between friends and family, either to settle debts or to pay the proportional part of lunches, dinners or drinks. In addition, this money transfer system has 45,000 affiliated online businesses, since it is presented as a safe alternative at cash transactions and with debit or credit card. Given its popularity, Bizum is now working on the development of new functionalities and one of them will be available starting this Friday, May 5. Of course, at the moment only bank customers can use it.

Bizum is a payment service provider resulting from the collaboration of 34 banking entities in the country with one objective: to create a system of instant payments between individuals and purchases in shops through mobile phones. What is the new functionality?

The novelty that Bizum includes is that users will be able to buy in online stores with a single click. Specifically, it is a electronic registration service that allows the ID of private Bizum users. By having this function, consumers will be able to pay with this method if the store is adhering to this payment system.

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Los BBVA customers Those who have this payment method will be the first to enjoy the new functionality. Before you can use it, you must enter the bank app and sign up.

The service is free and will allow users to consult the stores that are available for choose where to buy. The company has informed that the rest of the banks will gradually incorporate this utility, but has not specified dates.

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