The Polish mobile payment system Blik closed 2025 with historic results, processing 2.9 billion transactions with a total value exceeding PLN 441 billion. Dynamic growth in the number of users to nearly 21 million and dominance in the e-commerce sector have laid the groundwork for talks about a potential public offering. Bloomberg reports that the company's owners are analyzing a debut on the Warsaw Stock Exchange, which could value the Polish fintech at around $2 billion.

Record transaction volume

In 2025, 2.9 billion operations were carried out with a total amount of PLN 441.5 billion, representing a growth of 27% year-on-year.

Potential IPO on the Stock Exchange

The operator is considering a debut on the WSE with a valuation reaching $2 billion, which would be one of the largest debuts in recent years.

Dominance in e-commerce

The online channel accounts for 1.4 billion payments with a value of PLN 219 billion, outperforming traditional payment cards.

Dynamic user growth

The base of active accounts grew to 20.7 million, attracting over 2 million new customers in the past year.

The Blik payment system, managed by Polish Payment Standard (PPS), summarized 2025 as a time of unprecedented growth. Users carried out as many as 2.9 billion transactions during this period, representing an increase of 27% compared to the previous year. The total value of operations amounted to PLN 441.5 billion. The strongest pillar of the system remains electronic commerce, i.e., e-commerce, where 1.4 billion payments were made. At the end of December 2025, the number of active users grew to 20.7 million people, meaning an increase of over 2 million new accounts within twelve months. Parallel to the announcement of financial results, media reports emerged about plans to conduct an Initial Public Offering (IPO) on the Warsaw Stock Exchange. According to unofficial information from Bloomberg, the supervisory board of PPS has already held preliminary talks regarding the rationale for taking the company public. The estimated valuation of the Polish fintech hovers around $2 billion (approx. PLN 8 billion), which would make this debut one of the largest events on the capital's trading floor in years. President Dariusz Mazurkiewicz declined to comment directly on the matter during a press conference, noting that decisions belong to the shareholders. The Blik system was launched in 2015 on the initiative of six leading Polish banks, which created a joint mobile payment standard, a unique solution on a European scale. Strategic dilemmas surrounding the stock market entry focus on the purpose of the issuance. It is unclear whether the company is seeking capital for further foreign expansion, or whether the current owners, which include the largest commercial banks and Mastercard, want to realize profits from their investment. Currently, Blik operates not only in Poland but is also dynamically developing in Romania and Slovakia. The average value of a shopping basket paid with Blik last year was PLN 151, and statistically, Poles carry out nearly 100 operations with this system every second. „I will only add that BLIK is the most profitable fintech on the Polish market.” — Dariusz Mazurkiewicz 2024-12: 18.7, 2025-09: 19.9, 2025-12: 20.7 2.9 billion — transactions carried out by Poles with Blik in 2025

Emphasizes the national success of Polish technology and the benefits of being a regional technology leader. | Focuses on stock market valuations, profitability for shareholders, and the potential capital exit of banks.

Mentioned People

  • Dariusz Mazurkiewicz — President of the Management Board of Polish Payment Standard, the operator of the Blik system.