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Wireless

Spanish m-payment service Bizum targeting 20 mln users this year

Tuesday 12 January 2021 | 14:23 CET | News
Spanish mobile payment service Bizum said doubled its user base to 13.6 million last year and is targeting the milestone of 20 million in 2021, said the platform in a blog post. The service was launched by 31 of Spain's banks in 2016 to enable free Person-to-Person (P2P) payments via smartphones as well as instant mobile payments in physical stores and online. Last year saw an average of 20,100 new users sign up to the service every day, with total transactions tripling to 290 million for a total volume of EUR 14 billion.

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Categories: Mobile & Wireless
Countries: Spain
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