Poland's BLIK payment system plans to expand into CEE and Austria, PKO BP CEO says
The expansion will involve cooperating with leading regional banks in the area to replicate BLIK's domestic success, he told the annual European Financial Congress.
"Only in this way can we enable the further development of BLIK abroad and ensure, within a few years, a doubling of the volume that BLIK has generated in the Polish market," Midera said.
BLIK is Poland's most popular mobile payment system with over 16 million users and over 2.4 billion transactions in Poland as of 2024. It is operated by Polski Standard Platnosci (PSP) and jointly owned by several major Polish banks, including PKO BP.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
12 minutes ago
- Reuters
UK power company Drax posts first-half profit fall
LONDON, July 31 (Reuters) - British power company Drax Group's (DRX.L), opens new tab first-half adjusted core profit fell by about 11%, hit by a decline in biomass generation and lower UK wholesale power prices, it said on Thursday. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) fell to 460 million pounds ($611 million) in the first half, against 515 million pounds in the same period last year. Drax, which has converted coal plants to run on biomass, provides about 6% of Britain's electricity. ($1 = 0.7535 pounds)
Reuters
12 minutes ago
- Reuters
French preliminary inflation at 0.9% in July, slightly above forecast
July 31 (Reuters) - French consumer prices rose slightly more than anticipated in July, preliminary data from statistics agency INSEE showed on Thursday. France's harmonised inflation rate, adjusted for comparison with other euro zone countries, was +0.9% year-on-year in July. A Reuters poll of 18 analysts had on average expected a rate of +0.8%, with estimates ranging from +0.4% to +1.0%.
Reuters
12 minutes ago
- Reuters
Oil dips as market weighs Trump tariff threats, surprise US stockbuild
SINGAPORE, July 31 (Reuters) - Oil prices eased on Thursday as investors weighed the risk of supply shortages amid U.S. President Donald Trump's push for a swift resolution to the war in Ukraine through more tariffs, though a surprise build in U.S. crude stocks weighed on prices. Brent crude futures for September , set to expire on Thursday, fell 18 cents, or 0.3%, to $73.06 a barrel at 0650 GMT. The more active Brent October contract was down 26 cents, or 0.4%, at $72.21. U.S. West Texas Intermediate crude for September dropped 17 cents, or 0.2%, to $69.83 a barrel. Both benchmarks settled 1% higher on Wednesday. "Oil contracts have been caught in a holding pattern today, oscillating within a tight range as neither buyers nor sellers muster the conviction to take prices decisively higher or lower, especially on the crux of the August 1 deadline" for new U.S. tariffs, said Priyanka Sachdeva, a senior market analyst at Phillip Nova. "On one hand, Trump's hawkish rhetoric on Russian oil sanctions continues to underpin tight-market premiums; on the other, a firm dollar, tepid global growth indicators, and that surprise EIA build are capping gains," Sachdeva added. Trump said he would start imposing measures on Russia, including 100% secondary tariffs on its trading partners, if it did not make progress on ending the war within 10-12 days, moving up an earlier 50-day deadline. "Concerns that secondary tariffs on countries importing Russian crude will tighten supplies continue to drive buying interest," said Toshitaka Tazawa, an analyst at Fujitomi Securities. The U.S. has also warned China, the largest buyer of Russian oil, that it could face huge tariffs if it kept buying. On Wednesday, the U.S. Treasury Department announced fresh sanctions on over 115 Iran-linked individuals, entities and vessels, in a sign the Trump administration is doubling down on its "maximum pressure" campaign after bombing Tehran's key nuclear sites in June. Meanwhile, U.S. crude oil inventories rose by 7.7 million barrels in the week ending July 25 to 426.7 million barrels, driven by lower exports, the Energy Information Administration said on Wednesday. Analysts had expected a 1.3 million-barrel draw. Gasoline stocks fell by 2.7 million barrels to 228.4 million barrels, far exceeding forecasts for a 600,000-barrel draw. "U.S. inventory data showed a surprise build in crude stocks, but a bigger-than-expected gasoline draw supported the view of strong driving season demand, resulting in a neutral impact on oil market," Fujitomi Securities' Tazawa said.
