Bizum's number of transactions processed in Spain more than tripled between 2020 and 2022, making it one of Europe's fastest-growing A2A payment methods. 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.
Total number of real-time (instant) A2A payments transactions processed with Bizum in Spain from 2020 to 2022
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Website (Bizum), & Statista. (January 18, 2023). Total number of real-time (instant) A2A payments transactions processed with Bizum in Spain from 2020 to 2022 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1421392/spain-bizum-transaction-count/
Website (Bizum), und Statista. "Total number of real-time (instant) A2A payments transactions processed with Bizum in Spain from 2020 to 2022." Chart. January 18, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1421392/spain-bizum-transaction-count/
Website (Bizum), Statista. (2023). Total number of real-time (instant) A2A payments transactions processed with Bizum in Spain from 2020 to 2022. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1421392/spain-bizum-transaction-count/
Website (Bizum), and Statista. "Total Number of Real-time (Instant) A2a Payments Transactions Processed with Bizum in Spain from 2020 to 2022." Statista, Statista Inc., 18 Jan 2023, https://www.statista.com/statistics/1421392/spain-bizum-transaction-count/
Website (Bizum) & Statista, Total number of real-time (instant) A2A payments transactions processed with Bizum in Spain from 2020 to 2022 Statista, https://www.statista.com/statistics/1421392/spain-bizum-transaction-count/ (last visited December 21, 2024)
Total number of real-time (instant) A2A payments transactions processed with Bizum in Spain from 2020 to 2022 [Graph], Website (Bizum), & Statista, January 18, 2023. [Online]. Available: https://www.statista.com/statistics/1421392/spain-bizum-transaction-count/
