Fintech Plots EU Mobile-Payments Revolution From Poland
- Poland’s Blik to start operations in Romania and Slovakia
- Its app is more popular in Poland than Apple, Google rivals
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Poland’s most successful mobile-payment company is starting its international expansion with an ambitious goal to revolutionize cardless transactions across the European Union.
A venture of six Polish banks and MasterCard Inc., Blik boasts of 13 million monthly users — which it says is more than any European peer. It is monetizing transfers by taking a slice of e-commerce transactions, grabbing a 70% share of such deals on the domestic market last year.