Changes in Bizum: Finance eliminates limbo from small payments

Bizum, the popular tool of instant transfers between individuals, is facing a new scenario. Until recently, many users believed that the revenues received through this platform had no tax implications if they did not exceed 3,000 euros per year. However, that perception has already been left behind. Hacienda has removed that limit and will control every move, regardless of its amount. With this new directive, the Tax Agency will have full access…

A few weeks ago, EPI CEO Weimert ruled out cooperation with payment & banking. Meanwhile, she has changed the strategy, and that has several reasons.