Good day sunshine! BLIK heads abroad with UAE deal
Polish mobile payment system Blik is going international with the technology being bought by the United Arab Emirates.
The Polish Payment Standard (PSP), Blik’s operator and their partner DXC Technology, will implement a system tailor-made especially for the middle eastern clients.
DXC Technology won an open tender for a public services payment system, which will launch in 2020.
Defined as a bank transfer without the use of card, it requires an ID and bank account to set up.
Thanks to this technology export, the system will be used abroad for the first time, although not the last, according to Blik’s owners.
Blik has been already tested and approved by Polish users.
In the first quarter of 2019 its users made 40 million transactions, compared to 14 million in the same period last year.
The system’s strengths lie in the comfort and ease of use, as well as security.
Payments are made between the users phone and the seller, without additional middleman and leaving a trace of the user’s data.
Dariusz Mazurkiewicz, PSP’s CEO, said in an official statement: “Blik is more popular then cards when it comes to online shopping, as shown by the NBP’s [National Polish Bank] data for the last quarter of last year.
“We believe that this trend will continue. (...) Our ambition for this year is that every second internet purchase is paid for by BLIK.”
The expansion to foreign markets has been made possible by an agreement with MasterCard, signed last December. [Click here to read more]
The card giant is expected to buy one seventh of PSP’s shares by the end of June, though the agreement is still under negotiations.
Since 2015 Blik is owned by six banks: PKO BP, Santander, mBank, ING Bank Śląski, Millennium and Alior.