Alternative Payment Solution: Blik

2017-08-07
Price :
Published : Aug-2017
No. of Pages : 16

Alternative Payment Solution: Blik

Summary

Blik is a Polish mobile payment solution launched by Polish Payment Standard (PSP) in February 2015. PSP was formed in 2013 through strategic co-operation by six major Polish banks: Alior Bank, Millennium Bank, Bank Zachodni WBK, ING Bank, mBank, and PKO Bank.

Blik is offered by Polish banks as an additional service within their mobile banking apps. It enables users to conduct payment transactions using a mobile phone, including online and in-store payments, cash deposits and withdrawals at ATMs, and P2P fund transfers. P2P transfers can be made through the mobile banking app by selecting the recipient from the user’s mobile address book. The solution is now used by 3.5 million customers of the participating banks. Online transactions accounted for 61% of total Blik transactions in Q1 2017, with ATM withdrawals the second most popular feature.

Blik is accepted at 180,000 POS terminals and 30,000 online stores across Poland. Payments can be made using two payment options: Blik Code and Blik Cheque. Blik Code is a one-time six-digit code, generated by logging into the mobile banking app, which is then entered at the POS terminal or online checkout page within 120 seconds of its generation. Alternatively, users can also make payments using Blik Cheque using a nine-digit cheque number and a PIN. Apart from online and physical retailers, Blik can also be used for payments at fuel stations, on public transport, for government services and, as of April 2017, for postal services.

The report provides information and insights into alternative payment solution Blik, including -
- Detailed insight into its business
- Comprehensive coverage of its products and services
- Comparative assessment with key alternative payment solutions
- Information on its performance, including its revenue model
- The company’s important events and milestones

Scope

- Blik is a Polish mobile payment solution launched by Polish Payment Standard (PSP) in February 2015.
- As of May 2017, Blik has 3.5 million registered users.
- As of April 2017, Blik is accepted at 180,000 POS terminals and 30,000 online stores across Poland.
- In April 2017, Blik has extended its services to Post offices in Poland.

Reasons to buy

- Gain insights into Blik’s business operations, and key events.
- Gain insights into its product portfolio and revenue model.
- Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.

Filed in: Banking & Finance
Publisher : GlobalData
More Reports
Title Price Buy Now

Super League In-Depth Analysis: RBC Wealth Management 2017 – Tracking the world’s major competitors in wealth management

Super League In-Depth Analysis: RBC Wealth Management 2017 - Tracking the world's major competitors in wealth management Summary "Super League In-Depth Analysis: RBC Wealth Management 2017", competitor profile is a comprehensive analysis of RBC's wealth management operations. It offers insight into the company's strategy, financial results, and marketing activities. It also covers recent merger and acquisition (M&A) activity, customer targeting, and product innovation. Headquartered in Toronto, Canada, RBC Wealth Management is one of the five main business segments of RBC. RBC Wealth Management has five divisions, including the company's Global Asset Management unit. RBC Wealth Management has 1,800 investment advisors in Canada and 1,800 financial advisors in the US. It operates 1......
$1295

UK SME Adoption of Employee Benefits 2017

UK SME Adoption of Employee Benefits 2017 Summary "UK SME Adoption of Employee Benefits 2017", report highlights the opportunities in offering employee benefits by sizing the number of SMEs in the UK. It discusses the penetration of employee benefits among SMEs and factors affecting this, such as pension auto-enrolment. It explores how employee benefits are purchased, which are the top insurers, and the importance of offering benefits in attracting and retaining employees. The report explores the provision of 10 employee benefits among UK SMEs across pensions, protection insurance, and healthcare benefits, which include private company pensions, pension contributions into a NEST government auto-enrolment scheme, life insurance, critical illness insurance, income protection insuran......
$7500

Payments in Turkey 2017: What Consumers Want?

Payments in Turkey 2017: What Consumers Want? Summary Turkey's cards and payments market remains highly competitive and attractive. A wide range of factors - including successful economic performance, a young population, and a well-developed payment infrastructure - make Turkey an appealing market for banks and card issuers. Turkey's card penetration stands at 2.3 cards per inhabitant, which is the highest mark among its regional peers. Average annual spend per card is also higher in Turkey than for most of its peers. Following various marketing initiatives to create consumer awareness of the benefits of electronic payments, the share of card-based transactions rose during the review-period (2013-17). To curb consumer indebtedness, in 2014 the Banking Regulation and Supervision Ag......
$3450

Payments Landscape in Hong Kong: Opportunities and Risks to 2021

Payments Landscape in Hong Kong: Opportunities and Risks to 2021 Summary GlobalData's "Payments Landscape in Hong Kong: Opportunities and Risks to 2021", report provides detailed analysis of market trends in Hong Kong cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, direct debit, cash, payment cards, and cheques during the review-period (2013-17e). The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2017-21f). It also offers information on the country's competitive landscape, including the market sh......
$2750

Payments Landscape in Malaysia: Opportunities and Risks to 2021

Payments Landscape in Malaysia: Opportunities and Risks to 2021 Summary GlobalData's "Payments Landscape in Malaysia: Opportunities and Risks to 2021", report provides detailed analysis of market trends in Malaysian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, direct debit, cash, payment cards, and cheques during the review-period (2013-17e). The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2017-21f). It also offers information on the country's competitive landscape, including the market shar......
$2750

Payments Landscape in Turkey: Opportunities and Risks to 2021

Payments Landscape in Turkey: Opportunities and Risks to 2021 Summary GlobalData's "Payments Landscape in Turkey: Opportunities and Risks to 2021", report provides detailed analysis of market trends in the Turkish cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, payment cards, and cheques during the review-period (2013-17e). The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2017e-21f). It also offers information on the country's competitive landscape, including the market shares of issuers and sch......
$2750

UK Household Insurance: Market Dynamics and Opportunities 2017

UK Household Insurance: Market Dynamics and Opportunities 2017 Summary "UK Household Insurance: Market Dynamics and Opportunities 2017", report provides an in-depth analysis of the UK household insurance market. It looks at market size and performance ratios as well as changes in premiums, claims, contextual and economic factors, regulation, and opportunities. It provides a thorough overview of the market along with future forecasts and analysis of emerging technologies and products. High levels of competition and capacity within the household insurance space continue to shape soft market conditions, with little change in rate being achieved apart from pushing through new insurance premium tax (IPT) increases. Despite this and the new Flood Re levy introduced in 2016, profitabilit......
$3450

Payments in Taiwan 2017: What Consumers Want?

Payments in Taiwan 2017: What Consumers Want? Summary Cash remains the preferred method of consumer payment in Taiwan, accounting for more than three quarters of total payment transaction volume. Consumers in Taiwan have a strong inclination towards cash for day-to-day transactions despite the gradual rise in electronic payments. Government of Taiwan has been promoting electronic payments through various initiatives, and the necessary payment infrastructure is in place. But ATMs are ubiquitous, the retail environment is highly competitive, and the dense urban environment lends itself to the use of cash. Debit card penetration in Taiwan stood at 413.8 cards per 100 individuals in 2017, the highest rate among its regional peers. However, debit card usage is mostly restricted to ATM ......
$3450

Payments in Hong Kong 2017: What Consumers Want?

Payments in Hong Kong 2017: What Consumers Want? Summary Hong Kong is a global financial hub, with few regulatory barriers for foreign banks and card payment participants, thereby encouraging banks from Mainland China and other overseas markets to expand into the Special Administrative Region. Hong Kong represents a mature payment card market in Asia, with 25 Million payment cards in issue and a population of just over 7 Million. Payment cards are the second-most popular payment instrument in Hong Kong, accounting for 22.4% of the payment transaction volume in 2017. Growth in the Hong Kong payment card market is driven by pay-later cards, which accounted for 76.4% of the total payment cards market in terms of transaction volume in 2017. Banks offer multi-currency payment cards to ......
$3450

Payments in Malaysia 2017: What Consumers Want?

Payments in Malaysia 2017: What Consumers Want? Summary Malaysian payments market remains cash-reliant, but has high growth potential as it moves towards digital payments. As the government and banks started to provide basic financial and banking services by expanding banking infrastructure, launching new branches, promoting agent banking networks, and making efforts to change consumer payment habits, payment cards gradually became more accepted. The growth of POS terminal penetration, the complete migration to EMV standards with contactless functionality, and significant recent developments in the e-commerce environment have all contributed to the ongoing digital transformation of this market. To increase debit card usage, the government introduced a regulation to cap interchange......
$3450