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Some people did not really know what Bizum was. They considered that they had to download an application in place of applying their lender's app.

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  So simple as sending a message.  Mail revenue to or ask for it from many contacts simultaneously out of your cellphone with various Bizums. Bizum Examination Discover what is actually new with Bizum

This can be the issue that induced my curiosity in speaking with somebody from Bizum. On my task, I should align persons from different international locations so we can develop a person solution which is ninety five% the identical for all.

Even so, they built The good choice of heading out just with payment involving people very first. They'd develop a powerful person foundation, which would serve as a hook for stores.

Plus they chose Redsys (another payment System owned by Spanish banks) to create the System, host it, and certification the banks. Redsys was a terrific solution mainly because it presently had the integrations Along with the banking companies, which built it much easier and quicker to launch Bizum.

Should you accidentally mail cash to the incorrect individual, you must Get hold of CaixaBank to offer your basis for the payment getting reversed.

You are able to’t connection several lender accounts to exactly the same cellular range, however you can hyperlink a number of cellular quantities to the same bank account.

With Bizum you are able to send, request and get payments from your cellphone in a quick, quick and completely secure way. You need not know the receiver's account quantity - you could just use their phone number.

They're able to hook up with SCT Inst., Construct their Listing of mobile phone figures/e-mails to lender accounts, and provide the payment solution to end users and businesses. Because it's a regular, they need not agree on anything With all the banks.

Bizum has attained 8M users due to the fact people have marketed it to one another, not due to the fact we pushed it to users by way of too much advertising.

Banking institutions at both sides of your Atlantic have been now wary of the growth of Venmo in the United check here States (peer-to-peer payment application), and a lot more when Paypal acquired it at the end of 2013.

Payments to abroad accounts aren’t permitted. Nevertheless, you may make payments to foreign telephone quantities connected to Spanish accounts.

The exact same applies should you ask for money from somebody who doesn’t have Bizum: The transaction will be placed on keep right up until they register.