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Deutsche Bank Launches Bizum for Businesses in Spain
Deutsche Bank takes another step in its service to companies, launching Bizum, the popular Spanish mobile payment solution, to its corporate clients and companies, thus becoming the first international bank to offer this payment solution.
From this moment on, foreign multinationals with a presence in Spain and national businesses that have a virtual POS service associated with Deutsche Bank, will be able to accept payment by bizum in their electronic businesses.
This partnership marks a significant expansion for Bizum beyond its traditional markets of Spain and Andorra and demonstrates Deutsche Bank’s commitment to offering innovative and accessible payment solutions.
Michel Ahnine, Head of Corporate Cash Management for Southern Europe and France at Corporate Bank, commented: “This project is a testament to the close collaboration and synergies that arise between the bank’s areas, consolidated in our Global Hausbank model. We thank everyone involved in its implementation because in this way we can continue to support our clients in the evolution of their business model by introducing new payment methods that they did not have until now”.
Bizum is a fast, convenient and secure payment method that is a market leader in Spain and Andorra, and is now available through Deutsche Bank to businesses around the world. More than 28.5 million users and around 3.75 billion transactions have been carried out (among all services)., and much of Bizum’s success is attributed to its simplicity and speed.
Using a mobile phone number as identification, Bizum allows you to make simple purchases in an average of 22 seconds. This has made it popular in e-commerce in general, but especially for recurring payments, subscriptions and donations.
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Instant Payments and the Proliferation of QR-Driven Transactions
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Sustainable Growth and Building Strategic Capability in Digital Transformation
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
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