BLIK payment system gets central bank’s authorization to operate in Romania
<p>The Board of the National Bank (BNR) authorized on October 1 the operation of the BLIK instant payment system in Romania. It will be administered and operated by BLIK Romania SA and ensure the settlement of e-commerce payment transactions up to RON 50,000, BNR <a href="https://www.bnr.ro/page.aspx?prid=25261" rel="noopener" target="_blank">said</a>.</p>

<p>The decision will enable the development of this system in local currency (RON) and open it to Romanian payment service providers, the company said. As a first step, the operator plans to focus on the development of payments in the e-commerce channel.</p>

<p>"The granting of the operating authorization by the BNR is a key step in the development of BLIK in Romania, which is one of the most important markets in the CEE region, especially in terms of e-commerce growth. The dynamic development of the digital sector and the growing popularity of cashless transactions create the perfect conditions for the implementation of a modern payment solution such as BLIK," said <strong>Ryszard Drużynski</strong>, CEO of BLIK Romania SA.</p>

<p>In Poland, where BLIK has been developed for almost 10 years, payments in the e-commerce channel account for half of all transactions.</p>

<p>To make an online payment via BLIK, users need a phone with internet access and the bank's mobile app. To pay, the user has to generate a six-digit BLIK code in the app, enter it on the shop's website, and confirm the operation on the mobile device.</p>

<p>BLIK is a common mobile payment standard created in 2015 in Poland. Currently, it is actively used by nearly 17 million users.</p>

<p><i>irina.marica@romania-insider.com</i></p>

<p><i>(Photo source: BLIK Romania)</i></p>