This is how the new Bizum digital wallet will work to pay in physical stores through the dataphone

‘Wallet’ or digital wallet formats are increasingly fashionable. And there are many people who find comfort in be able to make payments in physical and electronic stores through your mobile or computer. Bizum knows this and wants to join the competition that formats such as Apple Pay or Google Pay lead. This is how it is preparing, for mid-2026, the launch of Bizum Pay as a digital wallet.

‘Wallets’ are applications or payment platforms that allow you to act as a online wallet. In this space you cans save your bank cards to pay in card machines, depending on the operating system of your mobile. Now, Spain will have the chance to lead this sector of great American intervention with the creation of Bizum Pay. According to sources in the financial sector, The expansion planned for this solution is massive.

The Bizum Pay proposal

The biggest differentiating factor is that, while Apple and Google depend on global payment networks such as Visa and Mastercard, Bizum does not use the card for transactions, but rather It is based on the mobile number and the bank account directlyalthough they also assure that the digital wallet will allow cards to be incorporated. Without a doubt, the improvement compared to the current service is that the solution would serve to pay directly in the physical storessomething that is not possible at the moment.

Fernando Rodríguez, deputy general director of International Expansion at Bizum, explained to ABC that “the forecast is that it will be available in the middle of next year” and that work is being done on the development of an ‘offline’ functionality so that Bizum Pay can be used without an internet connection. Behind this decision are circumstances such as a blackout or failure of telecommunications networks.

The European interconnection led by Bizum

A big problem at European level is that The EU lacks a special payment system for member countries. Normally, banks on the continent use Visa and Mastercard, which adds difficulties, slowness and costs in sending money between European countries, except in the case of services such as Revolut.

The idea then is be able to carry out cross-border operations with the help of the EuroPA platform. Today, Bizum provides service in Portugal, Italy and Andorra, allowing instant sending between accounts, but the plan is to expand to Poland, Slovakia, the Nordic countries and Greece, and thus, gradually create a system that allows European connection.

The biggest change will come, without a doubt, when the countries present in EuroPA agree with the States that are part of the EPI initiative (France, Germany, Belgium and the Netherlands, through its Wero solution). . At the momentEuroPA and EPI are seeing the viability of the project and to interconnect all European solutions with the intention that each one maintains its commercial brand at the local level.