Bizum

, the instant electronic payment platform, will

limit

the number of operations that individuals can carry out and

limit

the number of

monthly transactions

that individuals

can carry out

to 60

.

So far the limit is 150. The limit will take effect on June 15 and will affect the more than 15 million users who already use it.

This limit, however, is only indicative, since each bank may establish a lower figure.

The reason for making this change is due to security policy, as explained by Bizum.

Despite the change, the figures regarding the

amount of each transaction

will be maintained, which will remain at a minimum of 0.50 euros and a maximum of 1,000 euros.

The maximum amount of charges for a user may not exceed 2,000 euros per day.

Bizum allows you to make transfers, between individuals and in businesses, without needing the account number and in a matter of seconds.

Initially it was born as an initiative of several Spanish banks such as

CaixaBank, BBVA, Santander, Sabadell and Bankia

, among others, which joined forces to advance to the more than foreseeable entry of other operators such as 'fintech' and technology companies eager to be present in the market mobile payment.

Its evolution has accelerated in the last year, given the fear of contagion from contact with cash and encouraged by the growth of digital commerce and electronic payments.

According to the criteria of The Trust Project

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