Romania's central bank authorises the BLIK Romania instant payment system

Being a payment system that can be accessed in mobile banking applications and connected to a bank account, BLIK allows payments both in online stores and traditional payment terminals, as well as cash withdrawals from ATMs. When it first announced its intentions to enter the Romanian market, BLIK was set to provide several advantages to the region, including increased security and payment simplification via the generation and usage of an individual six-digit code for every transaction. Valid for two minutes, the code could be utilised to initiate transactions either online, at a terminal, or an ATM. All transactions were then approved through the customer’s mobile banking app, which guaranteed both security and speed of payments.

Moreover, BLIK chose to launch its payment solution in Romania due to the country’s economic expansion potential, being among the fastest growing ones within Europe. Additionally, the company aimed to follow the payment system development strategy tested in Poland, which enabled it to support participants within the payments ecosystem with experience and proven business practices.

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