Bunq Integrates Bizum to Bolster Spanish Market Presence Amid Expansion and Crypto Push

Dutch neobank bunq has taken another step in cementing its presence in the Spanish market with the integration of Bizum into its platform, allowing users holding a Spanish IBAN to both send and receive money via the app.

The feature is available across several of bunq’s plans, including Core, Pro, and Elite.

Company representatives emphasized that the addition of Bizum plays a pivotal role in bunq’s ongoing growth strategy in Spain. “Bizum is set to play a significant role in our company’s strategy in Spain,” the bank stated, highlighting its ambitions in the region where it first launched services back in 2021. With this latest integration, bunq is also preparing to streamline payments for businesses once the Bizum functionality is fully embedded into its ecosystem.

The move comes at a time when bunq is leveraging momentum from a strong financial year. The bank disclosed that it tripled its user base in 2024 and saw deposits surge by 320%, laying a solid foundation for its expansion efforts.

Just weeks prior to the Bizum announcement, bunq made headlines with its entry into the cryptocurrency space through the launch of bunq Crypto. The new feature allows users across the Netherlands, France, Spain, Ireland, Italy, and Belgium to invest in cryptocurrencies directly within the bunq app. The company noted that a broader rollout to other parts of the European Economic Area (EEA), the United States, and the United Kingdom is also in the works.

According to bunq, the launch of bunq Crypto was driven by user demand for a simplified and transparent way to engage with digital assets. “We intend to serve this need by removing the complexities associated with traditional platforms,” the company said, adding that it aims to make crypto investing accessible without the steep learning curve typical of more conventional offerings.

In addition to strengthening its foothold in Europe, bunq has set its sights on the United States. In April 2025, the neobank submitted an application for a broker-dealer license as part of a broader, two-phase plan to enter the U.S. market. The strategy is geared towards serving a growing demographic of digital nomads, international entrepreneurs, expats, and remote workers — an estimated community of 5 million individuals.

This first phase of its U.S. entry will give users the ability to invest in equities, mutual funds, and ETFs, while also offering cash management tools, including automatic transfers into FDIC-insured accounts. The company sees this as a crucial component of its broader mission to bring its banking model to a global audience.

By integrating local services like Bizum in Spain and simultaneously pushing into crypto and new international markets, bunq is positioning itself as a dynamic force in the evolving digital banking landscape. 

By fLEXI tEAM