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Wireless

Spanish banks activate Bizum m-payment service

Monday 3 October 2016 | 15:39 CET | News
A total of 31 of Spain's banks have teamed up to launch a new mobile payment platform called Bizum, which is now active. The application allows users to associate a bank account to the service and transfer money for free and in real time using their phones. Instant mobile payments can be made in physical stores, online and between friends, although free person-to-person transfers are limited to ten a month. Some 15 of Spain's leading banks are already offering the service, which will eventually be added to the mobile apps of 95 percent of the country's banks.

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Categories: Mobile & Wireless
Companies: Apple / Samsung / Telefonica
Countries: Spain
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