Businesses selling to consumers in Poland will benefit by offering one of the country's leading online payment methods through their integration with Nuvei.
MONTREAL, Nov. 13, 2023 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian financial technology company, today announces that it has added direct connectivity to BLIK, Poland's leading mobile payment method (APM), to its set of 669 APMs available for e-commerce businesses to offer through a single integration.
BLIK allows users to make instant payments directly through their mobile banking app. APM is connected to 19 of the country's leading financial institutions and has enabled almost 2.8 billion transactions valued at 371.4 billion Polish zloty in just 8 years. Consumers with a bank account at any of these institutions can complete an online transfer by requesting a BLIK payment at the merchant's e-commerce checkout and entering a six-digit code that is generated in their online banking application.
In addition to traditional BLIK payments, Nuvei also allows merchants to offer BLIK One Click. After the initial transaction, consumers' financial details are stored, meaning subsequent transactions can be completed through a one-click user experience.
Nuvei President and CEO commented: "It is essential that e-commerce companies offer their customers the possibility to choose between all the payment methods they prefer, and BLIK is quickly becoming one of the most relevant payment methods in Poland. Adding BLIK to our suite of over 600 APMs through a single integration allows our partners to efficiently reach their customers more comprehensively."
BLIK is a common standard for mobile payments. Currently, virtually all customers of domestic payment institutions that offer a mobile application have the option of using BLIK in mobile banking applications. The Polish Payment Standard (Polski Standard Płatności, PSP) is responsible for the development of the system. PSP is constantly developing BLIK capabilities to make the system as functional as possible. PSP shareholders are: Alior Bank, Bank Millennium, Santander Bank Polska, ING Bank Śląski, mBank, PKO Bank Polski and Mastercard.
Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian financial technology company accelerating business for clients around the world. Nuvei's modular, flexible and scalable technology enables leading businesses to accept next-generation payments, offer all payment options and benefit from card issuance, banking, risk management and fraud services. By connecting businesses to their customers in over 200 markets, with local procurement in over 47 markets, 150 currencies and 669 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally. with a single integration.
For more information, visit www.nuvei.com
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