Bizum

What Bizum does

Bizum is a Spanish account-to-account (A2A) mobile payment platform, founded in 2016 and headquartered in Madrid, that enables instant peer-to-peer transfers, in-store payments, and e-commerce checkout using phone number identification linked to users' bank accounts. The company operates as a national payment champion within Spain's financial ecosystem, with its core product Bizum Pay extending the platform into physical retail point-of-sale transactions. Its technology stack is built on direct A2A settlement rails that bypass card networks, and it is embedded into the mobile applications of Spanish banks, giving it distribution-level reach into the domestic consumer base.

The business model is transaction-fee based, with Bizum generating revenue from payment flows while offering merchants 30 to 70 percent lower transaction costs compared to Visa and Mastercard. Distribution relies on direct-to-consumer mobile app delivery and channel partnerships with Spanish banks, with the service accessed natively through partner banking applications rather than as a standalone wallet. Customer segments are horizontal, spanning Spanish consumers for P2P use cases and both in-store and e-commerce merchants on the acceptance side, with no disclosed enterprise-tier pricing or named anchor logos.

Bizum is a participant in the EuroPA Alliance and the European Payments Initiative (EPI), collaborating with Bancomat (Italy), SIBS (Portugal), BLIK (Poland), and Vipps MobilePay to deliver cross-border instant euro payments. This consortium-level positioning connects Bizum to a network of approximately 130 million users across 13 countries via the Wero digital wallet, and benefits from EU regulatory tailwinds including mandatory instant payments regulation effective October 2025 and explicit ECB endorsement of sovereign European payment alternatives. The firmographics list 1-10 employees, consistent with a thin corporate entity that relies on partner banks and consortium infrastructure for operational scale rather than a large internal workforce.

Name

Bizum

Website

https://bizum.es

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Bizum is a Spanish account-to-account mobile payment platform enabling instant peer-to-peer transfers and merchant payments via phone-number identification, serving Spanish consumers and merchants and expanding through pan-European A2A alliances.

Ownership category

akta.pro rank

Product category

Mobile Payments

SIC

Finance Services (6199)

akta.pro primary industry

Alternative Payments & Digital Wallet Acceptance (A2A, RTP, wallets) (THALAHAH)

Keywords

• Mobile payments
• Account-to-account payments
• Instant payments
• Peer-to-peer transfers
• Digital wallet

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Operations, Infrastructure, Marketing or Sales, Personnel

Revenue model

1. Transaction-based fees: Bizum generates revenue through transaction fees charged on payments, with merchants benefiting from 30 to 70 percent lower transaction costs compared to traditional card networks like Visa and Mastercard

Go-to-market motion2 records

Distribution channels3 records

Marketing channels1 record

Core offering

Bizum is a Spanish account-to-account (A2A) mobile payment platform that enables instant peer-to-peer money transfers using phone number identification. The service supports in-store retail payments via Bizum Pay and cross-border instant euro transfers across Italy, Portugal, Spain, and Andorra through the EuroPA alliance, positioning it as a sovereign European alternative to card networks.

Product overview

Bizum is a Spanish mobile payment platform offering account-to-account (A2A) payment solutions. The primary product is Bizum Pay for in-store payments, which enables users to make physical retail transactions using phone-number identification. Bizum operates as a national champion in Spain's A2A payment ecosystem, which accounted for 17% of European e-commerce transaction value in 2024. The platform participates in cross-border payment interoperability initiatives through the EuroPA alliance, connecting with European payment systems like Bancomat (Italy) and SIBS (Portugal) to enable instant cross-border transfers.

Differentiator

Problem solved

Functional benefit

Brands

• Bizum Pay: In-store payment solution launched by Bizum for point-of-sale transactions

Products and services

• Bizum Pay
• EuroPA Cross-Border Instant Payments
• EuroPA Euro P2P Pilot
• Bizum P2P Mobile Transfers

Quantifiable outcome

• Merchants can save 30 to 70 percent on transaction costs compared to traditional card networks

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core.

• BancomatcoreStrategic or Co-development Partner · 2 February 2026Bizum signed a memorandum of understanding with Bancomat (Italy) along with Epi, SIBS, and Vipps MobilePay to accelerate deployment of sovereign, pan-European payment solutions. The partnership aims to expand cross-border payments with phased rollouts planned for 2026 and 2027, covering P2P, e-commerce, and point-of-sale transactions.
• Epi (European Payments Initiative)coreStrategic or Co-development Partner · 2 February 2026Bizum joined the European Payments Initiative MoU to develop sovereign pan-European payment solutions. The EPI estimates the initiative requires several billion euros in investment and connects approximately 130 million users across 13 countries through the Wero digital wallet.
• SIBScoreStrategic or Co-development Partner · 2 February 2026SIBS (Portugal) partnered with Bizum through the EuroPA Alliance to launch cross-border instant payment capabilities across Italy, Portugal, Spain, and Andorra. Full implementation was expected by June 2025.
• Vipps MobilePaycoreStrategic or Co-development Partner · 2 February 2026Vipps MobilePay signed the MoU with Bizum and other European payment providers to develop sovereign, pan-European payment solutions with phased rollouts for 2026 and 2027.
• EuroPA AlliancecoreStrategic or Co-development Partner · 2 February 2026EuroPA Alliance connects approximately 130 million users across 13 countries through the Wero digital wallet, creating a domestic alternative to Visa and Mastercard with European policymakers framing the shift as a strategic response to data sovereignty concerns and geopolitical vulnerabilities.

Scale indicators4 records

Recent moves4 records

Expansion highlights5 records

Direct peers

• Swish: Sweden's national account-to-account mobile payment scheme jointly operated by major Swedish banks. Direct peer to Bizum: both are bank-owned national A2A champions using phone-number identification and both are members of the EuroPA alliance positioning themselves as European alternatives to card networks.
• BLIK: Poland's national mobile A2A payment standard owned by major Polish banks. Direct peer to Bizum: phone-number-based mobile payments, EuroPA alliance co-member, and explicitly demonstrated interoperability with Bizum via the Spain-to-PKO Bank Polski euro P2P pilot.
• iDEAL: Netherlands' dominant online A2A payment method operated by Currence/iDEAL. Direct peer to Bizum: both are European national A2A champions cited alongside Swish and BLIK as direct sovereign competitors to Visa and Mastercard in the EuroPA narrative.
• Vipps MobilePay: Mobile payment app merged from Norway's Vipps and Denmark's MobilePay, owned by a banking consortium. Direct peer to Bizum: cross-border European mobile payment scheme, co-MoU signatory on the European Payments Initiative, and central node of the Wero digital wallet reaching ~130M users.
• Bancomat: Italy's national payment scheme covering ATMs, POS, and digital payments. Direct peer to Bizum: signed EuroPA MoU alongside Bizum to extend cross-border instant payments across Italy, Portugal, Spain, and Andorra, with phased rollouts in 2026-2027.
• SIBS: Portuguese payment processor and scheme operator (MB WAY, MB SPOT). Direct peer to Bizum: EuroPA co-member enabling cross-border instant payments across Spain, Portugal, Italy, and Andorra, and a like-for-like national A2A/digital wallet ecosystem play.

Emerging players

• European Payments Initiative (Epi / Wero): European Payments Initiative consortium developing the Wero digital wallet across 13 countries. Emerging player peer to Bizum: Bizum is contributing scheme to Epi while remaining a national champion, and Wero is the explicit pan-European rollup vehicle that competes with and complements Bizum's cross-border roadmap.

Broad incumbents

• PayPal: Global digital wallet and online payment incumbent. Broad incumbent peer to Bizum: competes for the same merchant acceptance and consumer P2P/online checkout wallet use case, but operates a closed-loop wallet-plus-card model rather than a bank-rail A2A model and is the type of US/incumbent scheme European policymakers want displaced.
• Visa Direct: Card-network-based real-time push payment service from Visa. Broad incumbent peer to Bizum: directly competes in the cross-border instant-payments and P2P space Bizum is moving into via EuroPA, and is the dominant scheme (alongside Mastercard) that Bizum's 30-70% merchant cost advantage is undercutting.
• Apple Pay: Wallet-based mobile payment service from Apple tied to underlying card networks. Broad incumbent peer to Bizum: competes for in-store mobile payment volume that Bizum Pay is targeting, reinforcing the card-rail versus A2A-rail strategic choice for European consumers and merchants.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/Bizum_ES
• Facebookfacebook.com/Bizum-137736759949289
• LinkedInlinkedin.com/company/bizum

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bizum