A2A payment spending with Bizum, an instant payment method found in Spain, was over 50 percent higher in 2022 compared to the previous year. 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.
Value of A2A payments in Spain with local scheme Bizum from 2020 to 2022
(in million euros, and estimates in U.S. dollars)
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Website (Bizum), & Statista. (January 18, 2023). Value of A2A payments in Spain with local scheme Bizum from 2020 to 2022 (in million euros, and estimates in U.S. dollars) [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/1421395/spaint-transaction-volume-of-bizum/
Website (Bizum), und Statista. "Value of A2A payments in Spain with local scheme Bizum from 2020 to 2022 (in million euros, and estimates in U.S. dollars)." Chart. January 18, 2023. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/1421395/spaint-transaction-volume-of-bizum/
Website (Bizum), Statista. (2023). Value of A2A payments in Spain with local scheme Bizum from 2020 to 2022 (in million euros, and estimates in U.S. dollars). Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/1421395/spaint-transaction-volume-of-bizum/
Website (Bizum), and Statista. "Value of A2a Payments in Spain with Local Scheme Bizum from 2020 to 2022 (in Million Euros, and Estimates in U.S. Dollars)." Statista, Statista Inc., 18 Jan 2023, https://www.statista.com/statistics/1421395/spaint-transaction-volume-of-bizum/
Website (Bizum) & Statista, Value of A2A payments in Spain with local scheme Bizum from 2020 to 2022 (in million euros, and estimates in U.S. dollars) Statista, https://www.statista.com/statistics/1421395/spaint-transaction-volume-of-bizum/ (last visited October 31, 2024)
Value of A2A payments in Spain with local scheme Bizum from 2020 to 2022 (in million euros, and estimates in U.S. dollars) [Graph], Website (Bizum), & Statista, January 18, 2023. [Online]. Available: https://www.statista.com/statistics/1421395/spaint-transaction-volume-of-bizum/
