The third quarter of 2022 was a landmark year for BLIK. Users made over 300 million transactions in three months for the first time in system history. It is an increase of 67% year-on-year. At that time, the number of payments in traditional payment terminals grew the most dynamically. During this period, the system recorded as many as 67.7 million such transactions, almost a third of which were contactless payments. At the end of September 2022, BLIK was actively used by 12 million customers – and they performed an average of 3.5 million operations with it each day.
BLIK expands its portfolio of services and launches deferred payments. Selected customers of Bank Millennium have already used the BLIK Pay Later service as part of the tests. Payments are handled by Przelewy24, and the first merchant to accept payments is MediaMarkt. The "buy now, pay later" by BLIK will enable customers to shop online easily and conveniently.
Polish Payment Standard, operator of the BLIK mobile payment system, has signed a purchase agreement for 100 percent of shares of the Slovak company VIAMO – a provider of P2P payment services and payments to businesses. It will enter into force after obtaining the approval of the central bank of Slovakia – Národná banka Slovenska (NBS). For BLIK, the acquisition of the technological company from Bratislava is an important step in international development.
In the second quarter of 2022, BLIK users completed 292 million transactions worth PLN 38.7 billion. At that time, the number of payments in traditional payment terminals was growing the fastest - there were 55.3 million of them - which means an increase by as much as 182% year-on-year. The constantly increasing interest in BLIK contactless payments had a significant impact on the result obtained in this channel. Between April and June, users completed 15.4 million transactions of this type. In the analysed period, there was also a significant increase in the number of people who regularly use BLIK - at the end of the first half of the year, over 11.3 million customers were actively paying with it, i.e. 41% more than a year earlier.
On 15 July, 2022, The Office of Competition and Consumer Protection (UOKiK) approved the application submitted by Bank Millennium, Santander Bank Polska, mBank, ING Bank Śląski and Mastercard regarding the expansion of the Polish Payment Standard, operator of the BLIK mobile payment system. The Office agreed to the concentration, under which PSP will supplement its portfolio with a deferred payment service (Buy now, pay later - BNPL).
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%.