Full definition
BLIK is the Polish mobile-payments system launched in February 2015 by PSP (Polski Standard Płatności). Owners: PKO BP, ING BSK, mBank, Santander, Millennium, Alior and others. It works via on-demand 6-digit codes valid for 2 minutes. Features: online-shop BLIK (entering the code at checkout), contactless BLIK at POS terminals, cardless BLIK ATM withdrawals, BLIK-by-phone P2P transfers (requires recipient registration), web-shop BLIK. Pros: near-instant (seconds, 24/7), no card/details required, free for consumers (merchants pay), works with 20+ banks. Limits: daily caps set by each bank (typical: 500 PLN contactless, 5,000 PLN online, 10,000 PLN ATM); requires the bank app. In 2024 Polish BLIK transactions reached 2.8 bn at 277 bn PLN.
Concrete numeric example
Online purchase for 240 PLN: click "BLIK", open the bank app, generate code 123456, enter at checkout, confirm in-app with PIN/biometrics. Total: ~15 seconds.