Deutsche Bank launches Bizum for businesses in Spain

By Gloria Methri

Taking another step in its service to companies, Deutsche Bank has launched Bizum, the popular Spanish mobile payment solution, to its corporate clients and companies. Thus, Deutsche Bank becomes 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 companies.

This partnership marks Bizum’s expansion 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, said, “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 in Spain and Andorra. It 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 eCommerce in general, but especially for recurring payments, subscriptions and donations.