In a new and alarming chain of events, Spain is facing a financial crisis with the collapse of key services: cards, Bizum and numerous ATMs.
Redsys, the vital payment platform for most banks in Spain and which powers Bizum, has suffered another interruption, creating chaos among users.
This incident, which occurred just before the expected Black Friday, raises serious concerns about the financial system's ability to cope with the massive influx of transactions. What are the immediate and long-term consequences of this financial disruption?
This is not the first time that Redsys, the payment processor, has faced technical problems. Last week, failures were already recorded in cards, point-of-sale terminals and ATMs.
Now, with the second disruption in less than a week, confidence in the stability of the financial system is crumbling.
Bizum, an essential platform for everyday transactions, is also affected, creating frustration among users who depend on it for fast and secure payments.
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