BLIK available on the Stripe platform - growing popularity of polish mobile payment in the global e-commerce
Stripe, a financial infrastructure platform for businesses and BLIK, Polish mobile payment system, successively develop their cooperation. As a result, Stripe’s customers can now offer BLIK for online payments on their websites, without any additional integration efforts. To add this solution to their mix of payment methods, they only need to activate BLIK in their Payments Settings dashboard, without any further actions required. This simplicity and convenience in implementing the solution makes it now the most popular payment method in Poland on Stripe, with a high average daily conversion rates between 93% and 95%.
Millions of companies – from the world’s largest enterprises to the most ambitious startups - use Stripe to accept payments, grow revenue, and accelerate new business opportunities. Headquartered in San Francisco and Dublin, the company aims to increase the GDP of the internet. Stripe’s customers include global tech leaders like Google, Salesforce, and Shopify, traditional enterprises like Ford and Maersk, and Polish tech companies like Docplanner and Booksy.
We are happy that BLIK is now available to Stripe users across Europe. It has become the first choice of online payments in Poland, and global payment platform providers like Stripe should make sure that their customers are able to use their favorite payment method. The results of the average conversion rate, which on Stripe in Poland is approximately 94%, give us reason to be satisfied, although we expect further growth
– says Magdalena Kubisa, Director of Business Development at BLIK.
As a global company, Stripe cares a lot about making the most popular payment methods around the world available to Stripe’s customers. BLIK is an important milestone for us, not only for our Polish customers, but also for the many international companies eager to do business in Poland
– says Marcin Misztal, Head of Central and Eastern Europe at Stripe.
Currently, BLIK is actively used by more than 10.5 million users, making BLIK the most common method to pay online in Poland. From January to December last year, BLIK recorded 763 million transactions, the value of which reached PLN 103 billion (EUR 22 billion) - compared to PLN 207.5 billion (EUR 44.5 billion) since the system was launched in 2015. Compared to the previous year, there was an approx. 80% increase in the number of transactions and around 82% in relation to their value.
Most BLIK transactions are made in the e-commerce sector – their share is currently 63.2% of all operations. From January to March 2022, BLIK users made online payments 156.3m times. This means that the number of these transactions increased by 38% as compared to the previous year. The value of online transactions was PLN 18.8bn compared to PLN 12.8bn a year earlier.
BLIK is a common standard for mobile payments. Currently, virtually every customer of domestic payment institutions offering a mobile application has the option of using BLIK in mobile banking applications. The company Polski Standard Płatności (PSP) is responsible for the development of the system. PSP is constantly developing BLIK's capabilities so that the system is as functional as possible for its users. The shareholders of PSP are: Alior Bank, Bank Millennium, Santander Bank Polska, ING Bank Śląski, mBank, PKO Bank Polski and Mastercard.
For additional information please contact:
BLIK Press Office