wizz is a 100% digital financial service impulsed by BBVA, marking a new milestone in the financial services category with its innovative proposal under the motto "Connected money". Designed to facilitate payments between individuals, Internet shopping y mobile paymentsWizzo is positioned as the bank's first native digital product in Spain, creating a completely new category in the financial field.
An intuitive and functional application
Wizzo presents itself as a mobile web app, available for both iOS and Android, designed with a clear focus on agility y simplicity. This service offers various functionalities, such as the possibility of withdraw money from an ATM without a card, thanks to a simple system of codes that are sent directly to the user's mobile device. Users can also request both a physical card like an adhesive 'contactless', which allows you to make payments simply by bringing your mobile phone close to a data terminal.
An opportunity for young people
The service is accessible to anyone, both BBVA customers and non-customers, making Wizzo particularly attractive for YOUNG. This demographic segment, which is very accustomed to the social media y digital technologies, finds in Wizzo a first contact with the financial world. Opening an account is completely online and it takes less than five minutes, simply by registering on the official website.
According to Luis Uguina, Head of New Technologies at BBVA, said: “Wizzo represents the appearance of a completely new product, which connects our money with our online life in a very simple and effective way, via mobile or the web.” Hugo Najera, Chief Innovation Officer of the bank, adds: “With Wizzo we are competing head to head with a new generation of digital players. BBVA wants to lead this market with an innovative service, supported by the strength and experience of our group.”
The concept of social networks applied to the financial field
One of the most innovative points of Wizzo is its ability to transfer the concept of social media to the world of financial transactions. Users can create their own social network focused on payments, purchases and savings, inviting friends and contacts to make payments P2P (peer-to-peer) as easily as sending a text message.
This functionality eliminates the need to know complicated banking details, such as the IBAN. Instead, it is enough to know the Wizzo username, email or phone number of the recipient to make the money transfer.
In addition, Wizzo introduces the online boats, a perfect function to organize group purchases or collect money for a gift. With this tool, users can set contribution amounts for each participant, manage claims, and know who has contributed and who has not, all in a digital and easy way.
Additional options: Cards and contactless payments
For those who need more options, Wizzo also offers a Visa physical card, which works like a credit card debit traditional. In addition, users can request a sticker 'contactless', which attaches to the mobile phone and allows for quick payments in physical stores equipped with this technology. Thanks to these options, Wizzo not only handles online transactions, but also connects the virtual world with the physical one.
Another notable aspect is the system of to maximise security and your enjoyment.. Each account has a recharge limit of 2.500 euros per year, in accordance with current regulations on the prevention of money laundering, to ensure proper and safe use of the service.
Promoting savings and financial education
In addition to facilitating payments and transactions, Wizzo introduces innovative tools for saving. Users can schedule a weekly amount that is automatically allocated to a savings fund, ideal for specific projects or desired purchases. This approach fits perfectly with BBVA's philosophy of promoting financial educationespecially among young people.
Wizzo also allows parents to manage their children's allowance digitally. With this system, parents can send regular amounts of money to their children's accounts, helping them to keep track of their expenses. spending from an early stage.
Online payments and beyond
The fact that Wizzo works as a prepaid card makes it especially useful for online shopping, offering greater control and security over spending. By allowing limited access to the loaded balance, Wizzo becomes an ideal option for young people looking to make digital purchases without exposing themselves to the risk of losing their wallet. Bank data more sensitive.
For those who wish to withdraw cash, the Wizzo code system allows them to do so from any BBVA ATM, without the need for a physical card, a detail that highlights its practicality and focus on user experience.
With Wizzo, BBVA demonstrates its commitment to innovation and digitalization in the financial sector, creating a tool that combines the best of the physical and digital environment. This proposal not only meets the current needs of users, but also lays the foundations for the future of financial services.