BLIK Qorus Banking Innovation Awards 2023

BLIK is an innovative Polish mobile payment system that facilitates daily settlements and enables instant payment. The method is fully integrated with banking systems and operates within mobile banking applications. This ensures exceptional convenience and the highest transaction security. Advanced technology allows users to perform actions both offline and online. BLIK offers a range of functionalities, including the ability to make payments using a 6-digit code at brick-and-mortar and online stores, 9-digit checks, contactless payments, ATM deposits and withdrawals, as well as instant transfers to the recipient's phone number. BLIK is available in all banks that offer it within their mobile applications. Transactions can be conducted using a 6-digit code or contactless payment. In the case of the former method, a special one-time code is generated in the banking application, valid for only 2 minutes. The payer enters it at the point of acceptance (terminal, ATM, website), and then confirms the operation in the application, where all the details are displayed. The contactless BLIK process is conducted differently, as it does not require card linking. It needs to be activated once in the settings of the banking application, and then the phone needs to be unlocked and placed near the terminal. The method is available almost everywhere in Poland, and through cooperation with Mastercard, it is possible to make contactless payments worldwide, even without internet access. The system's owner, Polski Standard Płatności Sp. z o.o., is also expanding its availability abroad. Through business agreements, partnerships have been established with global payment operators, including Adyen and PPRO, enabling BLIK payments on international e-commerce platforms. It is a convenient, fast, and secure method actively used by 14.1 million users, processing approximately 4.7 million transactions daily. Since its debut over 8 years ago, BLIK has gained the trust and popularity of many, becoming one of the most preferred payment methods in Poland. According to data from the Polish Payment Standard, users of mobile banking applications are increasingly using the system. In 2023 alone, they have already carried out over a billion transactions, which means that the total number of operations since the system's launch is over 3.8 billion. BLIK effectively fulfills its mission of providing a fast and secure payment method that facilitates the daily financial management of many individuals. Users can settle payments online, offline, withdraw and deposit money at ATMs, as well as make transfers through their phones. The system maintains a high pace of development and growth in payment operations.