El Sabadell está acelerando la implementación de Bizum Pay y está ganando terreno en la lucha por la cuota de pago en tiendas físicas. The company, which has been one of the first banks to adapt its systems to facilitate in-person payments through Bizum in stores, has enabled this form of payment in more than 340,000 shops. The rollout reaches major chains like Eroski and Restaurant Brands, the group that operates Burger King, Popeyes, or Tim Hortons. Continue reading.
The entity, one of the first to offer the service, aims to capitalize on its position in the small business sector to establish itself in the market.
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El Banco Sabadell está acelerando la implementación de Bizum Pay y está avanzando en la competencia por la cuota de los pagos en tiendas físicas. The entity, which has been one of the first banks to adapt its systems to facilitate in-person payments through Bizum in stores, has enabled this form of payment in more than 340,000 businesses. The rollout reaches major chains like Eroski and Restaurant Brands, the group that operates Burger King, Popeyes, or Tim Hortons. This is an important positioning because not all banks have progressed at the same pace. In a moment where Bizum is trying to transfer the success it has achieved in sending money instantly between friends and family, as well as for online shopping, to physical commerce, the goal is to make a place among supermarket checkout counters, restaurants, and stores, a market previously dominated by credit cards and digital wallets from technology giants like Apple and Google. Given that Bizum can only be enabled on one bank account at a time, it is important for entities to have a fast deployment and availability to clients. Since purchasing through Bizum is free for the customer, but the bank collects a small commission from the transaction (just like with credit card purchases), it becomes a new source of income. For Sabadell, which has a significant presence among businesses, freelancers, and small businesses, the expansion of Bizum Pay provides an opportunity to strengthen its position in commerce. The bank ensures that all customers with physical branches already have terminals ready to receive payments through Bizum, without the need to replace the dataphone they already had. At Banco Sabadell, we understand that innovating in payments means helping our clients grow their business.
