Bizum is a mobile payment system in Spain that enables instant person-to-person transfers and quick online or in-store payments. It can be integrated into banking apps, letting users send and receive money using only a phone number, without sharing full bank details or downloading additional apps. This seamless integration is one of Bizum’s defining strengths and makes it convenient for everyday use across participating banks. (Source: Bizum blog)
Beyond faster person-to-person payments, Bizum also supports charitable donations, contributions to lottery winnings, and payments at selected merchants and online services. The core appeal lies in speed and simplicity: users do not need extra logins or separate wallets; the service is built into the banking app itself, reducing barriers to adoption. (Source: Bizum blog)
Bizum enjoys widespread recognition in its home market, with most people familiar with its existence in daily life. A version is available for minors in some regions, which has helped expand its reach among younger users. Keeping up with the latest developments, platform updates, and safety measures is important for all users. The article notes potential challenges with the app and highlights that tax authorities monitor transfers, prompting explanations about whether such amounts require declaration. (Source: Bizum blog)
What is the maximum amount you can send between people?
The Bizum blog outlines the key limits to provide clarity:
- Transaction limits: the minimum transfer is 0.5 Euro and the maximum per transaction is 1,000 Euro.
- Sending limits: there is no hard cap on the number of transfers, but the daily maximum is 2,000 Euros.
- Monthly limit: up to 5,000 Euros can be sent within a calendar month.
Restrictions change when it comes to donations. The app allows donations up to 100,000 TL in certain contexts, with a cap of 1,000 Euros per operation. In practice, this means a user could donate to NGOs up to 1,000 Euros per donation, as often as needed within the platform. (Source: Bizum blog)
Bizum Buyer
For someone acting as a Bizum buyer, the process is straightforward. There is effectively no universal maximum amount for purchases because the limit depends on the maximum amount set with the issuing bank or organization. In other words, buyers should check with their own bank to determine the Bizum purchase limit applicable to their account. (Source: Bizum blog)