Company Information

Get to know Bizum

Bizum is a Spanish payment solution launched in 2016 by a consortium of the country's major banks. The service's mission is to provide a simple, secure, and universal method for instant payments directly between bank accounts via a mobile app. Initially focused on peer-to-peer (P2P) transfers, Bizum has expanded its services to include online e-commerce payments, donations to NGOs, and in-store payments via QR codes. It operates as an interbank collaboration, integrated directly within the mobile banking applications of its member entities, rather than as a standalone app.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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Bizum

Spain

Founded in

2016 (10 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.