to kill two birds with one stone

One of the most common questions in our day to day with friends and family when they have to share payments is: “Do you have Bizum?”. A name that is already very familiar to almost everyone because we use it almost daily.

Bizum is one of those apps that has come to make our lives easier, since allows us to send money immediately and directly through the smartphone. You just have to link the phone number to the application, and that’s it.

Although there are reluctant people, more and more people are downloading Bizum, because in the end it is a relief that they can send you money instantly (those who are lazy don’t have much of an escape anymore).

For this reason, it is becoming more standardized and You can even pay in shops and hotels with Bizum. Something that allows these to kill two birds with one stone and puts at risk the business of the main credit card players.

Pay with Bizum bread

As we said, yeah there are shops and establishments that allow you to pay with Bizum. In fact, the app itself has published a list with the places where this can be done, where above all there are small shops and stores.

For these suppose a big advantage, because they can receive the money from their clients at the moment, without depending on when VISA, Mastercard and others are going to transfer their money to them. That is they can have more cash flow and monetize their business faster. Because fewer and fewer people pay with cash.

This too it implies a saving, because they avoid the commission they have to pay to these electronic payment intermediaries. So we talk about a system that greatly benefits companies. And watch out, warning to navigators: if this is becoming more and more, part of the business of the credit card multinationals is put at risk. But that is another topic.

This allows Bizum have another important niche of clientsand behind Bizum are the bankswhich in this way begin to deal directly with the customer without depending on the American credit card players.

So, with this service, Bizum can start chargingbecause he knows about what between individuals cannot do it if you don’t want people to go back to the transactions of a lifetime that don’t cost. For this reason, he kills another bird, since he manages to start monetizing his business.

But not everything is perfect in this storyfor Bizum implicate some loss of privacy. To pay with it you have to give your phone number and it involves a somewhat longer process than taking out the card, going through contactless and the end. For many it can be a nuisance that they want to avoid, and it is understandable.

In this case, Bizum is here to stay and we are becoming more and more attached to it. This may not only mean the end of cash, but also plastic. We will see…

Source: El Blog Salmón by

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