Pekao joins BLIK mobile payment system

WSE-listed lender Pekao has implemented the mobile payments system BLIK to its mobile application, becoming the last remaining big lender to do so. Now, as many as 96 percent of mobile banking applications users will have the ability to pay with BLIK. The system was launched by the Polish Payments System (PSP), a joint venture of six Polish lenders: Alior Bank, Bank Millennium, BZ WBK, ING BSK, mBank and PKO BP in 2015. Its users can make payments in stores and online, withdraw cash and send P2P transfers, all using their mobile phones. According to PSP, several other, smaller banks are working on implementing the system into their banking apps, including Raiffeisen Polbank and CreditAgricole. In 2017, its users made 33 million transactions with the system and 12 million in Q4 alone. BLIK was also used in over 70 percent of all online transactions last year.