N26 goes one step further in its growth strategy as it It has been recently integrated with Bizum. The entity has communicated that all its clients with a Spanish IBAN can now send, receive and request money through the popular payment solution.
In addition, the online banking app will incorporate the Bizum functionality to pay at associated businesses at the beginning of October. In this way, N26 becomes the first neobank to integrate Bizum in its payment methods and continues to expand its offer of services and functionalities to offer the best banking experience.
With the arrival of Bizum, N26 adds a new milestone in its unstoppable expansion in the Spanish market. In less than five years, the neobank, the first in our country to operate with a European banking license and a branch in Spain, has positioned itself as one of the most important online entities, with nearly 900,000 customers and a team of more than 300 employees distributed between Madrid and Barcelona.
During this period, N26 has considerably expanded its 100% mobile experience beyond the realm of payments, entering the world of insurance and, more recently, credit with the launch of ‘N26 in installments’.
State-of-the-art approach
For Marta Echarri, general director of N26 for Spain and Portugal, this agreement “It is one more example of our commitment to offer a product offer created around the needs of the client. Today, in an increasingly interconnected and immediate world, Bizum is essential in the daily life of many people and a means of payment that our clients have been asking us to incorporate for years. In this way, N26 becomes the first neobank to offer the benefits of operating with Bizum while continuing to build a user experience that helps customers achieve their financial goals and live their way.”.
Innovation is in the DNA of N26 and the entity has always maintained a cutting-edge approach in the area of mobile payments. In 2017 he launched MoneyBeam, a service for clients that allows them to send money to contacts with an N26 account in real time and for free.
Likewise, in 2021 the mobile bank incorporated Split the bill, a functionality that makes it easier to share the cost of any type of bill or purchase with friends, family and other people -customers and non-customers- through the app itself. Now, with the arrival of Bizum, N26 reinforces its payment solutions so that its customers have access to a wider range of possibilities.
