Getting dollars at Bizum couldn’t be simpler. All It's important to do is tell the other person your cell variety, and when they ship you The cash you might acquire an SMS indicating that the individual has sent you a payment of a particular amount of money by Bizum.
from the beginning there have been banking institutions which showed Bizum on the very first volume of the menu and Other people, which designed it considerably less obtainable, which included complexity to your user.
Bizum allows you to make protected, instant transfers to good friends and relatives, on the web payments to affiliated firms and also to donate cash to NGOs. The application has acquired recognition in cases which include dining out with close friends, buying a gift involving siblings or Arranging occasions with colleagues.
Having said that, they produced the great decision of heading out just with payment in between people today to start with. They might develop a robust user foundation, which might function a hook for stores.
Finally, try to find the Bizum selection throughout the app and Keep to the Guidance in the wizard to activate it.
Bizum is often a System around the mobile apps of 26 Spanish entities offering the company. This income transfer and payment technique started out being a venture to innovate Spain’s banking sector, during which Santander participated.
At this stage while in the report, It can be appropriate to understand that the consumer of Bizum is just not their shopper; he is the client of the lender.
Send and receive funds immediately on your own smartphone owing to Bizum Immediately into your contact's account, even should they use a different bank. Request your password and empower it to get started on employing it.
Bizum is extremely user friendly, it's suitable with almost all of the banking institutions that operate in Spain and, aside from sending, requesting and acquiring cash, In addition it helps you to make payments in the establishments hooked up to your System or make donations to an NGO.
Just before sending a payment to a buddy, you'll be shown the recipient's aspects. This fashion it is possible to check you have chosen the appropriate receiver.
The 3rd use case is more pertinent to banking institutions because it will allow them to begin charging dollars to merchants because payments to folks remains free for your finish-consumer.
As in the situation of activation, the method to ship income with Bizum to another person is different for every entity, as it is here completed throughout the financial institution’s application.
Despite the fact that everyone’s discussing how Bizum has revolutionized payments, there are some constraints which are truly worth retaining in mind Before you begin using the company:
To make certain basic safety, Bizum has a couple of knockoffs . Each bank can ascertain its individual restrictions, however the platform has some typical guidelines.