Polish Payment Standard (PPS), operator of the Blik mobile payment brand in Poland, inked a deal to extend its remittance options beyond the nation’s perimeter as it seeks to grab a slice of growing cross-border trade opportunities, Finextra reported.
The deal with international payment service provider PPRO enables Polish consumers to make payments to global merchants using Blik, which the publication explained offers bank-to-bank transfers controlled through a “mobile front-end”.
PPRO describes itself as offering a network of international payment services through deals with local brands, noting this enables merchants to offer the “widest possible range of local payment types and services” on a global basis.
Finextra stated Blik had been integrated into 12 mobile banking apps offered by financial institutions, giving the service a penetration rate of 90 per cent of Poland’s banked consumers.
PPS board VP Monika Krol told the publication the agreement was a “milestone” in terms of attracting international merchants and would play a key part in boosting e-commerce in the nation.Subscribe to our daily newsletter Back