Along with Blik, BNPL payments want to build ING, mBank, Millennium and Santander
The press office of Polski Standard Płatności (operator of the Blik system) has announced that the Office of Competition and Consumer Protection (UOKIiK, Poland's anti-monopoly office) has given its consent to the company's introduction of deferred payments. Formally, the UOKiK has given a positive assessment to the concentration application, which consists of extending the list of services offered by Blik to include BNPL (buy now, pay later).
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It is interesting to note that ING was among the institutions that received clearance for the concentration. Thus, it has completed the list of applicants, which previously included, in addition to Blik, the PSP shareholders mBank, Millennium, Santander and Mastercard. Of the remaining PSP owners, only Alior and PKO BP are missing here. The latter has bet on its own deferred payment solution, which is expected to hit the market as early as this autumn.
See also: Poland's largest bank introduces its own BNPL
On the other hand, you could read about Blik working on a BNPL-type service for the first time on cashless.pl as early as last autumn. After PKO BP announced its plans to make its own service of this type available this spring, Blik's representatives maintained their intention to continue the project and informed of the imminent commencement of product tests. This was to take place before the summer holidays.