Poland’s banks to launch joint mobile payment system
April 14, 2014
Polish banks grouped around PKO BP eye launching their mobile payment system in Q4 and reaching 1 million clients by end-year, Adam Malicki, CEO of Polski Standard Platnosci (PSP), PKO BP's unit charged with mobile payment system said.
"We assess that we need several months for banks, partners in the project, to be able to offer their clients a joint mobile payment system," Malicki told PAP Polish news agency. "Q4 is a period of intense shopping by customers and that's the period we are targeting; we want the system to be ready then.
The payment standard is developed by PSP as a joint project of banks PKO BP, Alior, Millennium, BZ WBK, mBank, ING BSK as well with KIR settlement house, which will provide operating service of the system as well as the ICT infrastructure necessary for the endeavor. The system will be based on PKO BP's IKO mobile payment standard and will be open for new partners.
The system will have a common brand, system of authorization and settlement, but particular banks will prepare their own client applications. It will be built upon PKO BP's own platform IKO, which currently has 140,000 clients and is adding 10,000+ clients each month, the official said.
Once the system is implemented, the banks will mull introduction of a national payment card.