If your online store operates in the Spanish market, integrating Bizum with Magento 2 can be an excellent way to offer fast and secure payments to your customers. Bizum is one of the most popular payment methods in Spain, allowing instant transfers between bank accounts without the need for credit or debit cards.
What is Bizum?
Bizum is an electronic payment system available only in Spain, similar to the Portuguese MBway, allowing instant transactions directly between bank accounts via mobile phones. With millions of active users, it is widely adopted for online purchases, peer-to-peer transfers, and even payments to public entities.
Advantages of Integrating Bizum with Magento 2
- Fast and Simple Payments: The customer only needs the mobile number linked to Bizum to complete the payment.
- Higher Conversion: By offering a popular and trusted payment method in Spain, shopping cart abandonment is reduced.
- Enhanced Security: Bizum uses banking security protocols, ensuring protected transactions.
- No Need for Cards: Many users prefer to avoid entering card details online, making Bizum a convenient solution.
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