Nuvei integrates BLIK into its APM suite for eCommerce

Rhea-AI Summary

Nuvei Corporation (NVEI) adds direct connectivity to BLIK, the leading mobile payment method in Poland, to its suite of 669 APMs. BLIK enables instant payments through mobile banking apps, with 2.8 billion transactions valued at 371.4 billion Polish zloty in 8 years. Nuvei also offers BLIK One Click for single-click transactions. Nuvei's Chair & CEO emphasizes the importance of offering diverse payment methods for eCommerce businesses.

Positive

• BLIK's integration with Nuvei expands the reach of eCommerce businesses in Poland, catering to the growing popularity of BLIK as a preferred payment method. Nuvei's addition of BLIK to its suite of APMs enhances its competitiveness and value proposition for eCommerce merchants, potentially driving increased transaction volumes and revenue.

Negative

• None.

Businesses selling to consumers in Poland will benefit from offering one of the country's leading online payment methods through its integration with Nuvei

MONTREAL, Nov. 13, 2023 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today that it has added direct connectivity to BLIK, the leading mobile payment method (APM) in Poland, into its suite of 669 APMs available for eCommerce businesses to offer through a single integration.

BLIK enables users to make instant payments directly through their mobile banking app. The APM is connected to 19 of the country's leading financial institutions and has enabled almost 2.8 billion transactions valued at 371.4 billion Polish zloty in just 8 years. Consumers with a bank account with any of these institutions can complete an online transfer by requesting a BLIK payment in the merchant's eCommerce checkout, and entering a six-digit code that is generated in their online banking app.

In addition to traditional BLIK payments, Nuvei also enables merchants to offer BLIK One Click. After the initial transaction, the consumers' financial details are stored, meaning subsequent transactions can be completed through a single-click user experience.

Nuvei Chair & CEO commented: "It is critical for eCommerce businesses to offer their customers a choice of all the payment methods they prefer, and BLIK is rapidly becoming one of the most relevant payment methods in Poland. Adding BLIK to our suite of over 600 APMs through a single integration enables our partners to efficiently reach their customers more completely."

BLIK is a common standard for mobile payments. Currently, virtually every customer of domestic payment institutions offering a mobile application has the option of using BLIK in mobile banking applications. Polish Payment Standard (Polski Standard Płatności, PSP) is responsible for the development of the system. PSP constantly develops BLIK's capabilities so that the system is as functional as possible. The shareholders of PSP are: Alior Bank, Bank Millennium, Santander Bank Polska, ING Bank Śląski, mBank, PKO Bank Polski, and Mastercard.

About Nuvei 

Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company accelerating the business of clients around the world. Nuvei's modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 47+ markets, 150 currencies and 669 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration. 

For more information, visit www.nuvei.com 

Contact: 

Public Relations
alexandra.bucur@nuvei.com 

Investor Relations
IR@nuvei.com 

 

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SOURCE Nuvei

FAQ

What is the leading online payment method in Poland integrated with Nuvei?

The leading online payment method integrated with Nuvei is BLIK, which enables instant payments through mobile banking apps.

How many transactions has BLIK enabled in 8 years?

BLIK has enabled almost 2.8 billion transactions valued at 371.4 billion Polish zloty in just 8 years.

What is BLIK One Click?

BLIK One Click allows consumers' financial details to be stored for subsequent transactions, enabling a single-click user experience.

Who are the shareholders of Polish Payment Standard (PSP)?

The shareholders of PSP are: Alior Bank, Bank Millennium, Santander Bank Polska, ING Bank Śląski, mBank, PKO Bank Polski, and Mastercard.