Until today, only one-time BLIK payments have been available to international merchants. Now, subscription-based businesses can offer their products and services to over 19 million BLIK users in Poland.
„Boku is the first international partner to make this possible, building on our 2024 success when we introduced BLIK payments for an app store. This milestone proves once again that local payment methods (LPMs) are powerful growth engines for international merchants. By enabling recurring payments, we’re helping global brands reach more consumers, more often, and with the payment method they trust most.” – the company said in a linkedin post.
The subscription economy is booming, with analysts estimating its value will reach $1.5 trillion by the end of 2025. Fueled by streaming platforms, Software as a Service (SaaS), gaming passes, and subscription commerce models, at the centre of it all is one critical function – the recurring payment.
A recurring payment is more than a useful billing tool. For merchants, it’s the mechanism that underpins predictable revenue and builds stronger customer lifetime value. For consumers, it’s a highly convenient way to keep their services running uninterrupted.
However, recurring payments, once tied almost exclusively to credit and debit cards, are increasingly processed through mobile wallets, bank-to-bank systems, and alternative local methods. Consequently, merchants must consider different design approaches to their payment strategies.
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BLIK is a common standard for mobile payments. The option to use BLIK in mobile banking applications is now available to virtually every customer of domestic payment institutions offering a mobile app. The company Polski Standard Płatności (PSP) is responsible for developing the system. PSP continuously enhances BLIK’s functionality to make the system as user-friendly and versatile as possible. The shareholders of PSP are Alior Bank, Millennium Bank, Santander Bank Polska, ING Bank Śląski, mBank, PKO Bank Polski, and Mastercard.
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
