Bizum Expands in Europe, Enabling Instant Cross-Border Transfers
The Spanish payment app Bizum is entering a new phase of expansion across Europe, a move that could significantly change the way money is sent between countries.
More than a decade after its launch in Spain, the app is preparing to offer instant transfers across European borders in 2026.
According to announcements, Bizum users will be able to send and receive money directly between several European countries without the need for traditional, complex banking procedures.
The expansion relies on integration with instant payment systems in other countries, allowing transfers to be completed within seconds.
The first phase of expansion will involve partnerships with financial institutions in countries such as Italy and Portugal, with plans to gradually extend the service to additional European nations.
Users will not need to open a new account or download a different app; the process will be carried out through their existing banking app linked to Bizum.
All that is required is the phone number associated with the account, just as with local transfers within Spain.
This expansion comes amid a broader European push to strengthen instant payment systems and reduce reliance on traditional bank transfers.
Financial experts believe this move could increase competition in the digital payments market, especially as demand grows for fast and secure solutions.
2026 is expected to be a turning point for payment services within the European Union, with the expansion of instant cross-border transfers making daily transactions easier for residents, students, and workers abroad.
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