{"id":213788,"date":"2026-03-31T02:16:50","date_gmt":"2026-03-31T02:16:50","guid":{"rendered":"https:\/\/teknomers.com\/en\/twelve-countries-have-decided-that-bizum-is-much-better\/"},"modified":"2026-03-31T02:16:52","modified_gmt":"2026-03-31T02:16:52","slug":"twelve-countries-have-decided-that-bizum-is-much-better","status":"publish","type":"post","link":"https:\/\/teknomers.com\/en\/twelve-countries-have-decided-that-bizum-is-much-better\/","title":{"rendered":"Twelve Countries Have Decided That Bizum Is Much Better"},"content":{"rendered":"\n
\n

Bizum: A New Era for European Payments<\/h2>\n

Bizum has officially expanded beyond Spain, taking the lead in the creation of a pan-European payment system aimed at challenging giants like VISA and Mastercard. This initiative marks a bold step toward achieving European sovereignty in digital payments, signified by the establishment of headquarters in Madrid for this collaborative venture.<\/p>\n

Why This Matters<\/h3>\n

Every day, Europe processes trillions of euros in digital payments, predominantly controlled by American companies. The decision of twelve EU nations, along with Norway, to unite under this umbrella and select Spain as the central hub is a significant geopolitical statement. As Fernando Rodr\u00edguez, Deputy General Director of International Expansion at Bizum, highlighted, “We want to not depend so much on American solutions.\u201d<\/p>\n

The Context of Collaboration<\/h3>\n

The groundwork for this new consortium originates from an earlier alliance between Bizum, Italy’s Bancomat Pay, and Portugal’s SIBS. This collaboration has since included Poland’s Blik and Nordic countries’ Vipps MobilePay. In parallel, the Wero initiative from the European Payments Initiative is already operational in Germany, France, and Belgium, creating an interconnected system where users can interact seamlessly without American intervention.<\/p>\n<\/p>\n

The Challenges Ahead<\/h3>\n

Choosing Madrid as the headquarters was not a straightforward process; it was the “first compromise solution” among the partners. The upcoming decisions surrounding governance, shareholder agreements, CEO selection, and legal frameworks are expected to be complex and lengthy. There lies an inherent risk that national interests could jeopardize this alliance as it attempts to coordinate policies across thirteen countries with vastly different banking cultures and market sizes.<\/p>\n

Who Stands to Benefit?<\/h3>\n

So far, Bizum emerges as the most significant winner in this scenario, boasting approximately 31 million users. This accounts for nearly 20% of the total clients for all systems involved, giving Bizum a substantial influence in making Madrid the hub of this unprecedented initiative. It’s a leap that few could have imagined occurring from Spain just a decade ago.<\/p>\n

The Big Question: Can They Compete?<\/h3>\n

The crucial test for this consortium will be its ability to extend beyond person-to-person payments. Electronic commerce and point-of-sale transactions are targeted for implementation by 2027-2028. Success in these areas will determine whether this new network can effectively compete with established American networks, which dominate the most lucrative segments of the market.<\/p>\n

A Call for Autonomy<\/h3>\n

Amidst rising geopolitical tensions, there is a growing consensus, as emphasized by Alejandra Kindel\u00e1n, President of the Spanish Banking Association, that Europe needs to reclaim its autonomy over financial systems. Payments are no longer just transactional; they are now perceived as a matter of sovereignty. The reliance on American payment infrastructure is increasingly viewed as a critical issue that needs to be solved.<\/p>\n

In summary, the unification of these twelve countries and their decision to establish Bizum as a cornerstone of a European payment solution is a noteworthy development. The future holds both challenges and opportunities as they seek to redefine payment systems within Europe, striving for independence from American giants.<\/p>\n<\/div>\n


\n
General News – 2<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bizum: A New Era for European Payments Bizum has officially expanded beyond Spain, taking the lead in the creation of a pan-European payment system aimed at challenging giants like VISA and Mastercard. This initiative marks a bold step toward achieving European sovereignty in digital payments, signified by the establishment of headquarters in Madrid for this […]<\/p>\n","protected":false},"author":1,"featured_media":213789,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36399],"tags":[46661,30,651,2932],"class_list":["post-213788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-bizum","tag-countries","tag-decided","tag-twelve"],"_links":{"self":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/213788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/comments?post=213788"}],"version-history":[{"count":1,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/213788\/revisions"}],"predecessor-version":[{"id":213790,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/213788\/revisions\/213790"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media\/213789"}],"wp:attachment":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media?parent=213788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/categories?post=213788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/tags?post=213788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}