What is BLIK: Poland’s Innovative Payment System

Getting Familiar with BLIK

In a world where convenience is a top priority, businesses are continually finding innovative ways to simplify the way we carry out transactions. One country that has especially excelled in this area is Poland, introducing an advanced payment system known as BLIK. In this article, we will delve into all you need to know about this trailblazing innovation.

The Genesis of BLIK

Introduced in 2015 by Polish Payment Standard Ltd, a company owned by six of the biggest Polish banks, BLIK was designed to revolutionize the way consumers make payments. The primary aim was to provide an easy, secure and efficient method for conducting transactions both online and offline.

How Does BLIK Work?

Much like other payment systems such as Apple Pay or Google Wallet, BLIK’s operation is centered around using a smartphone to effect payments. However, unlike many of its counterparts, it offers the unique feature of making transactions possible without needing credit or debit card details. If you have a bank account with any of the banks that supports BLIK (including Bank Millennium, ING Bank Śląski, mBank, Alior Bank and more), you can simply download the mobile app linked to your bank. On the app, you generate a six-digit BLIK code which expires after a few minutes. For each transaction, whether in-store or online, you input the generated BLIK code at the checkout point.

Advantages of Using BLIK

BLIK comes with various benefits that make it stand out as a payment system. We highlight some below:
  • Convenience: With BLIK, needing your physical bank cards to make payments becomes a thing of the past. All you need is your smartphone.
  • Security: Because it operates without credit or debit card details and each code generated expires after use, there is a minimized risk of data theft or unauthorized transactions.
  • Promotes Contactless Payments: Given the current global health climate – encouraging digital and contactless transactions – BLIK aligns perfectly with these efforts.
  • Versatility: Beyond just in-store or online shopping payments, BLIK also functions for cash withdrawals at ATMs and transfer of funds between individuals.
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With these advantages, Poland has seen widespread adoption of BLIK. According to a 2020 report from Cashless.pl, about 90% of Poles are aware of BLIK, and over 60% have used it at least once.

The Future of BLIK

Given its inherent strengths and potential, there is a lot of optimism about what the future holds for BLIK. With growing developments in technology and business collaborations, it is not farfetched to say that this homegrown Polish payment system could become more prevalent and even spread beyond Polish borders. In conclusion, if you ever find yourself in Poland and want to experience hassle-free transactions right from the convenience of your smartphone, then giving BLIK a try is undoubtedly worth it. Who knows? It might just revolutionize the way you think about simple banking transactions!

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