Just days after posting stellar results, BLIK, the Polish mobile payment system operator, has signed a 100% purchase agreement of shares in the Slovak company VIAMO – a provider of P2P payment services.
BLIK seeks international expansion with VIAMO
Polish Payment Standard (PSP), the operator of BLIK, in addition to developing on the domestic market, intends to implement a plan for foreign expansion, especially in the euro area.
One of the steps to make this possible is the acquisition of VIAMO. The agreement will enter into force after obtaining the consent of the National Bank of Slovakia.
As PSP emphasizes, the acquisition of the technological company from Bratislava is an important step in international development for BLIK.
In Poland, the BLIK system is actively used by over 11.3 million users and this number grows with each subsequent quarter. PSP argues that now is the time to increase activity in new markets .
“We have gained enormous knowledge that we want to use also for development outside our country. Already two years ago, we started establishing partnerships with global payment service providers,” says Dariusz Mazurkiewicz, president of the Polish Payment Standard.
“The acquisition of VIAMO is another important stage in our history, which will strengthen our position in the region. We see enormous potential in this market, especially in the context of our action plans across the euro area – VIAMO has been operating on the Slovak market since 2013 .
The company has the status of a payment institution and provides services in the field of P2P payments and payments for business based on QR codes and payment links.”
The company is also a payment gateway provider – VIAMO PayGate. Currently, it works closely with two banks – VÚB and Tatra banka. Its services, however, can be used by customers of all banks in Slovakia via the VIAMO Plus mobile application .
The agreement for the purchase of VIAMO shares was signed in Warsaw on August 11, 2022 and will enter into force after obtaining the consent of the Slovak central bank – Národná banka Slovenska (NBS). The parties do not disclose the value of the transaction.
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