Polish mobile payments system launched

Blik, Polish mobile payments system was launched by its operator the Polish Payments System (PSP), a joint venture of six Polish lenders.

The joint venture includes Alior Bank, Bank Millennium, BZ WBK, ING BSK, mBank and PKO BP and potential new partners are Getin Noble Bank, Eurobank, BNP Paribas Bank Polska, Credit Agricole and Idea Bank.

"The system is safe and there is no reason to worry in case a mobile phone happens to be stolen or lost," the deputy CEO of PSP Grzegorz Długosz said. "These are online transactions but lack of reception is not posing a problem," he added.

PSP reckons the system will reach 1 million users and 100,000 locations within three months.

Mobile payment system operator PSP secured NBP approval to operate its BLIK mobile payment system in November 2014.