Bizum now pays internationally

The customers of CaixaBank and of Imagin can now make transfers via Bizum to Italy, Portugal and Andorra. This is the very recent announcement that has just been made by the Spanish bank to materialise its involvement in the project. EuroPA. This progress also confirms the expansion ambitions of this project, on the margins of its association with EPI.

FACTS

• Users of the Bizum payment service can now send money to contacts in Spain, but also in Italy, Portugal or Andorra, simply giving the beneficiary's phone number.

• This announcement opens the Bizum service to about 50 million users who can now make cross-border payments under the EuroPA project.

• The players who currently manage the interconnection of their solutions are Bizum (for Spain and Andorra), Bancomat Pay (for Italy) and MB WAY (for Portugal).

• CaixaBank states that this expansion of Bizum's use should also affect the northern countries in the coming months.

ISSUES

• Follow a strategic plan Bizum is one of the founding companies of EuroPA. Its long-standing ambition is therefore to participate in the deployment of an interoperable payment solution in Europe. The announcement of the CaixaBank follows Bizum's announcement regarding the internationalization of the service, while Bizum allows In the recent past, we have been sending and receiving money with Portugal and Italy.

• Valuing its strike force With 26 million active users in Spain, Bizum has established itself as a success model for a European-wide digital payment solution. It can also count on 38 affiliated banks. But its involvement in the EuroPA project demonstrates its great international ambitions, assumed and particularly maintained by the fact that the service is based on SEPA transfer standard common to 37 countries. And to further expand its customer prospecting objectives, Bizum table recently on the opening of its service to minors (users aged 12-17). CaixaBank integrated Bizum for its customers from 14 years since April 2024.

• Demonstrate its vanguardism For CaixaBank, the announcement of Bizum's opening of international payments for its own customers today represents a way to mark its commitment to enrich its services with consistency and proactivity.

PERSPECTIVE

• The deployment of interoperable and sovereign payment solutions in Europe is now a major and commonly accepted need to enable Europe to gain independence from the dominant American players at present.

• But a common solution is not without success. Thus, PPE relies on the replacement local and national solutions and Wero recently came to take Paylib's place in France. But in the face of this strategy, EuroPA, rightly led by Bizum, relies more on cooperation and the alliance of forces involved. It successfully rallied another great name of payment in Europe, Vipps, last May.

• If the oppositions between PPE and EuroPA seem today exceededboth entities continue to communicate widely on their capacity to join new members or extend the scope of their service. And that is also what Bizum is doing today to mark once again his intentions of sustainability for his activities.

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