PKO BP: mobile payments system online in Q2

PKO Bank Polski estimates that its new online payments system – Polish Standard Płatności – will be launched in the second quarter of 2014, CEO Zbigniew Jagiełło has said. The announcement comes after six major Polish lenders – PKO BP, Alior Bank, Bank Millennium, BZ WBK, ING BSK and mBank – signed an investment agreement towards the end of 2013 to create the joint venture company Polski Standard Płatności. PKO BP will manage the banks’ mutual mobile payment system. The participating banks have a total number of 16 million clients. Speaking to ISBnews, CEO Zbigniew Jagiełło said that the bank hopes that Pekao SA will join the group in the second half of 2014, raising that number even further. Even though the banks are working towards their own goals, there are many common aspects, “especially in the domain of regulatory issues or concerns about the stabilization of the financial market in Poland,” Jagiełło said.