BLIK will be able to offer deferred payments

The Office of Competition and Consumer Protection (UOKiK) has agreed to the expansion of Polish Payment Standards and BLIK will be able to offer deferred payments, PSP reported.

UOKiK positively assessed the application submitted by Bank Millennium, Santander Bank Polska, mBank, ING Bank Śląski and Mastercard regarding the extension of the Polish Payment Standard, operator of the BLIK mobile payment system.

As PSP informs, the office has approved the concentration, under which PSP will supplement its portfolio with a deferred payment service (Buy now, pay later - BNPL).

“We focus on an open solution to all market participants - this applies not only to entities applying for this matter to the Office of Competition and Consumer Protection, but also to other banks or acquirers. We intend to use the same approach in this respect as in the case of the BLIK payment system we manage - the service will therefore be available to all organizations interested in its implementation, ”says the president of the Polish Payment Standard, Dariusz Mazurkiewicz, quoted in the announcement.

Payments in the BNPL scheme, allowing consumers to postpone them in time, will complement the BLIK offer. Currently, you can pay with it throughout the Polish Internet and the growing number of global e-commerce platforms.

BLIK is a common standard for mobile payments. The company Polski Standard Płatności (PSP) is responsible for the development of the system. Its shareholders are: Alior Bank, Bank Millennium, Santander Bank Polska, ING Bank Śląski, mBank, PKO Bank Polski and Mastercard.

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