BBVA will be the first bank of Spain to integrate Bizum As a payment method in TPV systems. Until now, the point of sale terminals served as an intermediary between physical trade and consumer credit/debit card. With the new BBVA integration, it will be possible to use these devices as applications generators.
How will it work. Those shops attached to a Android TPV With the BBVA appolences, they will be able to send payment requests to customers on their mobile phones. Once this has provided the phone number to the trade and sent the application, the transaction can be completed in a simple way.
The client will receive a notification on his phone to be able to pay immediately and the trade can confirm the status of the operation in real time. Not only will it serve to make the payment: returns can also be made by Bizum.
Where will it work. Any business with an Android TPV running under the service of BBVA can use this system of payments and returns through Bizum.
There are no public data about how many TPV they work adhered to BBVA in Spain, but we do know that this is the third Spanish bankadding more than eight million customers at the end of 2024.
A dart for the rest of the banks. Bizum is the preferred method of Spaniards when making instant payments. So much that 95% of them are carried out through this service. That a business allows payments
BBVA is away from the figures of Caixabank and Santander in number of clients, but this movement is a great incentive for small and large shops. The key will be how long the two great Spanish banks will take to follow their steps.
Our privacy. A key point when integrating Bizum into the TPV is that, those businesses attached to this payment system must be rigorous with the General Data Protection Law (LGPD).
The telephone number is considered personal data according to this regulation, and when introducing it to the TPV, it would be treatment of it. Only the number can be used to make the payment, being prohibited to perform any commercial treatment with it without prior consent.
It must also be specially protected to avoid fraud and impersonation of identity.
Bizum is no longer a tool among colleagues. Bizum was born in 2016 as A tool oriented to daily payments. In 2019, it began to open its doors to electronic shops, and 2025 is starting as one of its best years. At the beginning of the week we counted How is the pulse of the European Union winningmanaging to expand payments between borders.
With integration in TPVS, in addition to web pages, Bizum becomes a complete alternative to card payment.
Image | BBVA
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