[INFOGRAPHIC] Bizum: Helping RTP Take off in Spain
Director – EMEA Lead – Fintech and blockchain specialist
Bizum has caused a revolution in the payments industry in Spain and has become a benchmark for the real-time payments (RTP) ecosystem in Europe. In the past six years, Bizum has reached 24 million users, with an estimated penetration rate of 60% of the banked population. Bizum is close to reaching 1 billion in total transactions in 2023; in fact, its average annual transaction volume growth rate from 2019 to 2022 is as high as 166%.
In the following infographic, we share data about the impact of Bizum for RTP and explain what the future holds regarding e-commerce and in-store payments.
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PCMI specializes in global payments market research and intelligence for Asia (including China, India, Indonesia, Japan, Singapore, Malaysia, Philippines, Australia, and more), Europe (UK, Spain, Portugal, France, Italy, Germany, Poland, Sweden, Turkey, and more), Africa (Egypt, Morocco, Kenya, Nigeria, Ivory Coast, Ghana, and South Africa) and Latin America and the Caribbean (LAC).