Who is behind Bizum?

Last update: 02/12/2023
Author: Sebastian Vidal

If you are a Bizum user or are considering using this payment platform, it is natural that you wonder Who is behind Bizum? This popular way of sending and receiving money quickly and easily is increasingly used in Spain, but do you really know who is behind it? In this article we will clear up all your doubts about the origin, operation and security of Bizum. Keep reading to find out!

– Step by step ➡️ Who is Bizum behind?

Who is behind Bizum?

  • Bizum is a mobile payments platform that allows users to send and receive money quickly and easily.
  • La compañía detrás de Bizum es a consortium formed by 27 Spanish financial entities, such as BBVA, Santander, CaixaBank, Sabadell, Bankia, among others.
  • El objetivo de Bizum is to facilitate transactions between individuals and businesses, promoting the digitalization of payments.
  • Besides, Bizum has the support of the Spanish Banking Association and complies with all security and privacy regulations.
  • In summary, Bizum It is backed by a solid consortium of Spanish financial entities and has the support of the Spanish Banking Association to guarantee the security and reliability of its services.
Exclusive content - Click Here  Poppy Sweeting in Hogwarts Legacy

Q&A

1. What is Bizum?

1. Bizum is a mobile payments platform that allows users to make money transfers between individuals through their mobile devices.

2. Who is behind Bizum?

1. Bizum is an initiative created by a group of Spanish financial entities, including Santander, BBVA, CaixaBank, Bankia, Sabadell and others.

3. What is Bizum's relationship with my bank?

1. In order to use Bizum, you must have a bank account in one of the entities associated with the platform.

4. How do I register in Bizum?

1. To register with Bizum, you need to access your partner bank's mobile application and follow the registration steps indicated.

5. Can I make payments to businesses with Bizum?

1. Yes, some banks already allow you to pay in stores using Bizum. However, this may vary depending on each bank's policy.

6. How can I send money with Bizum?

1. To send money with Bizum, open your bank app, select the send money option and choose the recipient using their phone number.

Exclusive content - Click Here  How to Know if You've Been Shot by a Speed ​​Camera

7. Is it safe to use Bizum?

1. Yes, Bizum is a secure platform that has security mechanisms and encryption protocols to protect your transactions.

8. ¿Cuánto cuesta utilizar Bizum?

1. Using Bizum is free for users, but your bank may charge fees for certain operations.

9. What is the limit of money I can send with Bizum?

1. The limit of money you can send with Bizum depends on your bank's policy, but is usually between 500 and 1.000 euros per transaction.

10. Can I use Bizum to send money to other countries?

1. At the moment, Bizum is focused on transfers between individuals within Spain, so it is not possible to use it to send money to other countries.