Real-time payment provider Bizum nearly doubled its number of users in Spain between 2021 and 2023, enabling digital payments in the European country. Bizum is a payment service that is embedded within Spanish banking apps. Domestic banks worked together to create the system in 2016 to help facilitate P2P payments via a smartphone. By 2023, the scheme uses the SCT Inst Standard, a real-time payment standard of SEPA. Bizum and the UK's Faster Payments are the only two European real-time payment systems that feature among the top 10 brands with the highest number of instant payment transactions in the world.
Number of registered users of real-time (instant) and A2A payment scheme Bizum in Spain from 2016 to 2023
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Statista. (October 12, 2023). Number of registered users of real-time (instant) and A2A payment scheme Bizum in Spain from 2016 to 2023 [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/1418139/spain-user-number-bizum/
Statista. "Number of registered users of real-time (instant) and A2A payment scheme Bizum in Spain from 2016 to 2023." Chart. October 12, 2023. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/1418139/spain-user-number-bizum/
Statista. (2023). Number of registered users of real-time (instant) and A2A payment scheme Bizum in Spain from 2016 to 2023. Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/1418139/spain-user-number-bizum/
Statista. "Number of Registered Users of Real-time (Instant) and A2a Payment Scheme Bizum in Spain from 2016 to 2023." Statista, Statista Inc., 12 Oct 2023, https://www.statista.com/statistics/1418139/spain-user-number-bizum/
Statista, Number of registered users of real-time (instant) and A2A payment scheme Bizum in Spain from 2016 to 2023 Statista, https://www.statista.com/statistics/1418139/spain-user-number-bizum/ (last visited October 31, 2024)
Number of registered users of real-time (instant) and A2A payment scheme Bizum in Spain from 2016 to 2023 [Graph], Statista, October 12, 2023. [Online]. Available: https://www.statista.com/statistics/1418139/spain-user-number-bizum/
