BLIK global goals has had a boost after a strategic partnership with Mastercard.
From this partnership, customers of domestic banks that offer BLIK services will be able to pay contactless around the world – in terminals accepting Mastercard cards.
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BLIK customers will also be able to payments in foreign shops online.
BLIK will provide a convenient and seamless platform for mobile and online payments. Furthermore, Mastercard will provide the innovative payment technologies to bolster BLIK.
The goal for both is expansion. Mastercard and the Polish Standard of Payments will also cooperate to drive BLIK global expansion to new markets outside of Poland.
The Polish Standard of Payments aims to offer new opportunities to Polish consumers when shopping both at home and abroad.
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By GlobalDataBLIK global goals boosted by significant growth
The Polish Standard of Payments created BLIK to provide simple and easy access to online payments.
In December 2013 the six largest banks in Poland joined together for this venture. The shareholders of PSP include: Alior Bank, Bank Millennium, Bank Zachodni WBK, ING Bank Śląski, mBank and also PKO Bank Polski.
Affiliated banks serve about twenty million customers – approximately 80% of the Polish market.
2017 was a breakthrough year for BLIK. A six million, constantly growing group of BLIK users has made four times more transactions than in 2016. BLIK has become a common payment standard. More banks are jumping on board the BLIK train.
Since the beginning of 2017, Poles have made 33 million BLIK transactions, including almost 22 million online payments. Increasing number of transactions is connected with the growing popularity of BLIK among mobile banking customers in Poland. Currently, BLIK is used by 6.1 million people – twice as many as at the end of 2016.
The Polish banking sector is extremely dynamic and competitive. Payments is a key focus for the six major players operating in the industry.
