Polish Blik Expands into the Eurozone
Hey FinTech Fanatic!
If you've spent time in Poland over the last decade, you've likely noticed that BLIK has become the most common and convenient payment system in the country.
Now BLIK is expanding beyond Poland, connecting over 21 million users with e-commerce in the eurozone.
Following the rollout in Slovakia, Polish users will be able to pay with BLIK in Slovak online stores. After successful pilot transactions in March, the solution enters the friends & family phase in April, confirming readiness for further scale.
Payments will be processed in euros, while users in Poland will see the converted amount in złoty before confirming.
But the BLIK expansion news doesn't exist in a vacuum, and connecting the dots is exactly what this newsletter is here for.
Just weeks ago, on February 2nd, a group of Europe's leading mobile payment platforms; Bizum (Spain), Bancomat (Italy), SIBS-MB WAY (Portugal), Vipps MobilePay (Nordics), and EPI's Wero (France, Germany, Belgium), signed a Memorandum of Understanding to build a pan-European interoperability hub, targeting full cross-border coverage by 2027.
And BLIK? It's already named as one of the solutions set to plug into that very network.
What's taking shape is a more coordinated European payments stack, built on SEPA instant rails, driven by banks, and designed to reduce reliance on global payment networks.
BLIK's Eurozone push is not just a growth story; it's another piece of the same puzzle clicking into place.
More from FinTech below. Let's go! 👇
Cheers,
POST OF THE DAY
⚽ Old school football. Old school finance.
But the game is changing. Let's dive in👇
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PAYMENTS NEWS
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BLOCKCHAIN/CRYPTO NEWS
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PARTNERSHIPS
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DONEDEAL FUNDING NEWS
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M&A
🇺🇸 Mercury enters payroll through the acquisition of AI payroll platform Central, also expanding into benefits and compliance services. The acquisition strengthens its financial ecosystem as it deepens its offering beyond banking into integrated back-office tools for startups.
MOVERS AND SHAKERS
🇺🇸 Unit21 appoints Tyler Allen as CEO, bringing deep AI and technical expertise from his previous roles as Head of AI and founding engineer. He has led the development and scaling of the company’s AI-driven risk platform, positioning him to drive its next phase of growth.
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