Blik announced that just in the first quarter of 2019, it almost matched the number of transactions from the whole previous year
Blik published its transaction numbers for the second quarter and first half of 2019. It boasts spectacular growth in the number of operations in every service category it offers. Interestingly, the biggest growth can be seen in the number of POS terminal payments and P2P transactions. The company also announced plans to introduce many new and interesting functionalities. But let's start from the beginning.
Information shared by Dariusz Mazurkiewicz, the CEO of the company that operates Blik, shows that between January and June of this year, Blik users made 89 million transactions. That almost matches the 91 million transactions performed in the whole previous year. In 2017 customers used Blik 33 million times.
In the second quarter of 2019 alone, there were 49.3 million Blik transactions. Most of them, 34.7 million, were in e-commerce. That means an annual growth of 168 percent. There were also 6 million ATM withdrawals and deposits, which is 73 percent more compared to the second quarter of 2018, and 5 million POS terminal payments - that's 363 percent more than one year ago. Mazurkiewicz thinks that this growth is the result of a broadening acceptance network and growing user base, but also an ongoing special offer called Blikomania.
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The number of P2P transactions also grew very quickly. It reached 3.6 million in the second quarter of 2019, which is a 265 percent increase compared to last year. The growing popularity of this service (which is an instant phone number money transfer between Blik users) is the result of the National Clearing House (KIR)'s successful Express Elixir system, which is used for P2P transactions. The system is also seeing record transaction numbers.
While presenting Blik's statistics for the second quarter, Dariusz Mazurkiewicz also announced plans to implement new services, but did not share any details. It might include a new P2P transaction type (transaction by request) or integrating Blik with foreign services like Spotify or Uber. We can expect more detailed announcements by the end of August. Mazurkiewicz also reiterated his promise that the details of Blik's transaction with Mastercard, which announced an investment in the company back in December, will be shared by the end of the year.