Fintech Plans to Expand the EU Mobile Payments Revolution Abroad

Date:

Share post:

One of the most successful mobile payment businesses in the EU is beginning its global expansion with the audacious goal of revolutionizing cardless transactions throughout the region.

Blik, a partnership between six Polish banks and MasterCard Inc., claims to have 13 million monthly users, the most of any competitor in Europe. In order to make money off transfers, it partakes in e-commerce, capturing 70% of domestic transactions last year.

According to Dariusz Mazurkiewicz, the CEO of Polski Standard Platnosci Sp zoo, the business behind Blik, the startup that competes with apps from Apple Inc. and Alphabet Inc.’s Google, the startup wants to develop into a payment system usable throughout the EU.

Read More: Fintech Plots EU Mobile-Payments Revolution From Poland

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

Trading Technologies acquires ATEO to expand its post-trade solutions in global markets

Trading Technologies, a global capital markets technology company, has acquired ATEO SAS, a provider of post-trade solutions for...

Fiserv seeks to acquire Shift4 Payments – Reuters

According to Reuters, Fiserv is competing with Amadeus IT Group for the acquisition of payment processor Shift4 Payments. Shift4,...

Oliver Wyman announces acquisition of Innopay

Oliver Wyman, a management consulting firm and a Marsh McLennan business, has announced the completion of its acquisition...

How FinTech-Bank Partnership Can Redefine Digital Banking

As the digital payment ecosystem evolves, banks recognize the importance of partnering with FinTech companies. However, many of...