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Bizum has reached 8M people since individuals have sold it to each other, not mainly because we pushed it to users by means of too much promoting.
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Any clients of legal age which have a checking account (IBAN) in Spain in addition to a cellphone variety. You need to sign up with the Bizum support through CaixaBankNow to link your regular checking account to the mobile phone selection.
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LinkedIn did its magic, and I noticed I'd an aged colleague from my master's in Chicago who will work at Bizum due to the fact 2017. Fernando Rodríguez is the 2nd personnel at Bizum, and he is now its Company Progress Director.
When any huge tech enterprise decides to start a payment system by means of SCT Inst., they'd have some empowered products teams working on it for The entire of Europe. They will determine by themselves; they only want to modify a single app; they will launch and iterate rapid, looking at knowledge and talking to users.
Paypal has grown bit by bit but steadily in Spain, capturing part of the market share in payments to companies and freelancers, especially in e-commerce. They now have above 5M end users in Spain immediately after thirteen several years. Financial institutions take into account it a competitor to defeat in e-commerce.