BBVA Customers Double their Billing through Bizum by 2023

In a move that highlights the unstoppable advance of e-commerce and the growing confidence in digital payment methods, BBVA’s ecommerce partners have registered an impressive milestone in 2023: they have doubled their turnover through Bizum, reaching an astonishing €685 million! This incredible growth, disclosed by the financial institution in a recent press release, reflects not only the The growing trend of e-commerce, but also the increasing preference for secure and convenient payment solutions.

Highlighting BBVA’s relevance in this scenario, the bank reported that almost half of all e-commerce business using Bizum as a payment gateway is conducted through its services. This fact underscores the BBVA’s leading position in the digital payments market, as well as its commitment to technological innovation and customer satisfaction.

The report also revealed a notable increase in the adoption of Bizum among individual consumers, with more than 600,000 new customers signing up for the platform. within BBVA during 2023. In addition, the number of active businesses has almost doubled, reaching 4,402 over the course of the year. In total, there are 8,677 ecommerce companies leverage this payment solution to facilitate secure and efficient transactions.

This phenomenal growth in e-commerce and increasing reliance on digital payment solutions reflect a fundamental transformation in consumer habits and the way businesses interact with their customers. In a world that is increasingly connected and digitized, initiatives such as Bizum are playing a crucial role in providing a secure and convenient platform for financial transactions, thus driving economic growth and innovation in the e-commerce sector.