BLIK launches multinational expansion

Polish mobile payment startup, Blik, is gearing up for international expansion across the European Union. "We have achieved success in a large market and we know our model is easily scalable," said Dariusz Mazurkiewicz, head of Polskiego Standardu Płatności, Blik operator.

Blik, which is a collaboration of six Polish banks and Mastercard, boasts 13 million monthly users, making it the largest mobile payment provider in Europe. Its services are most frequently used in e-commerce, and it had a 70% share of such transactions in Poland last year. The company aims to become a payment system available throughout the EU. It has established a branch in Romania, and by acquiring Slovakian online payment firm Viamo, it is entering the Eurozone, where there is currently no common payment method.

Source: Forsal.pl