Money & Banking
Banking
Bizum
I need to pay someone in Spain instantly — splitting a restaurant bill, paying the dog walker, settling rent — without needing their bank details.
Bizum is Spain's universal P2P payment system, activated inside your existing bank app — you send money using a phone number, instantly, for free.
Why it rocks
- ✓26 million people in Spain use it — this is how money moves here
- ✓Works with any Bizum-compatible account: Revolut, N26, Trade Republic, any Spanish bank
- ✓No IBAN, no card details — just a phone number
- ✓Also accepted at many physical shops and markets as a contactless payment method
Heads up
- ✗Requires a Spanish phone number linked to a Bizum-compatible account — set this up in your first week
- ✗Some payments may need to be declared to Hacienda above certain thresholds under 2026 rules.
Cost: Free.