Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. BLIK Romania S.A. obtains the authorization for the...

BLIK Romania S.A. obtains the authorization for the operation of the BLIK payment system from BNR

November 5, 2024

BLIK Romania, registered in Bucharest, has obtained authorization for the operation of the BLIK payment system. This decision will enable the development of this system in local currency (RON) and open it to Romanian payment service providers. As a first step, the operator plans to focus on the development of payments in the e-commerce channel, thus responding to the dynamic growth of the online sector in Romania.   BLIK strengthens presence in the CEE region   BLIK Romania was filed with the Trade Register in Romania at the beginning of December 2022, and its official launch was announced in March 2023. Since then, the company’s management has worked intensively to adapt the system to local regulatory and legal requirements, as well as to build a development strategy based on the specifics of the Romanian market. Obtaining the operating authorization from the National Bank of Romania (BNR), on October 1, 2024, six months after submitting the authorization application, allows the start of operations and the continuation of preparations for the launch of the system.   BLIK Romania was registered in the Romanian Trade Register at the beginning of December 2022, and the official launch of its activities was announced in March 2023. Since then, the company’s management has worked intensively to adapt the system to local legal and regulatory requirements, as well as to build a development strategy based on the specifics of the Romanian market.   Thanks to the BNR decision, BLIK will be available to all payment service providers authorized to provide in Romania both payment transaction acceptance and electronic payment instrument issuance services. As collaboration with partners evolves, consumers in Romania will be able to benefit from secure and easy-to-use BLIK mobile payments. The granting of the operating authorization by the BNR is a key step in the development of BLIK in Romania, which is one of the most important markets in the CEE region, especially in terms of e-commerce growth. The dynamic development of the digital sector and the growing popularity of cashless transactions create the perfect conditions for the implementation of a modern payment solution such as BLIK. We are open to continue discussions with various entities in the Romanian market – says Ryszard Dru?ynski, CEO of BLIK Romania S.A.   The authorization of the BLIK payment system administered by BLIK Romania SA was granted by the National Bank of Romania pursuant to the NBR Regulation no. 3 of 2018 and is an unconditional authorization for the operation of the system on the Romanian market.   The BNR’s decision confirms that the technology used in the BLIK payment system is secure and will contribute to greater convenience of the users in the domestic market.   Focus on e-commerce   As part of BLIK Romania’s business strategy, it is planned to gradually introduce BLIK payments across all sales channels. In the first phase, the system administrator will focus on implementing the solution in e-commerce.   BLIK Romania is the result of careful preparation and detailed analysis of the local payments market. We held many discussions and meetings with key players and decision-makers in order to best adapt our solution to local needs. The experience gained in Poland shows that the simplicity and intuitiveness of the system not only supports the development of e-commerce but can also contribute to financial inclusion and the reduction of cash use, particularly in rural areas. We believe BLIK has the potential to play a significant role not only in large Romanian cities but also in smaller towns – emphasizes Ryszard Dru?ynski.   It is worth noting that in Poland, where BLIK has been developed for almost 10 years, payments in the e-commerce channel account for half of all transactions. The BLIK online payment process is quick and intuitive. No payment card or wallet is required to complete the transaction – just a phone with internet access and the bank’s mobile app. In order to pay, you need to generate a six-digit BLIK code in the app, enter it on the shop’s website, and confirm the operation on your device.   BLIK has rapidly established itself as a leader in fast and secure online payments across Poland and Central Eastern Europe. This strong track record reinforces our confidence in achieving similar success in the rapidly expanding Romanian market. The ongoing digital transformation is fueling e-commerce growth, with Statista projecting an increase of 2.2 million users in this sector, reaching 8.6 million by 2029. As BLIK, we are positioned to be a key player in this evolution, offering a reliable, scalable payment solution and a commitment to long-term partnerships with innovative local stakeholders – says Dariusz Mazurkiewicz, Chairman of the Supervisory Board of BLIK Romania S.A.

Read in full - click here
President Dan appoints PM Bolojan as interim Vice PM following Anastasiu's resignation

President Nicusor Dan signed on Thursday the decree appointing Prime Minister Ilie Bolojan as interim Vice Prime Minister on the areas coordinated by Dragos Anastasiu, the Presidential Administration informed.On 27 July, Dragos Anastasiu announced he was stepping down from the vice prime minister office, mentioning that he could no longer accept "being denigrated and thus […]

PM Bolojan at meeting with mayors: Responsible approach gives strong chance to overcome current difficult period

 Prime Minister Ilie Bolojan continued consultations on Thursday with representatives of the Association of Communes of Romania, telling them there is a strong chance to overcome the current difficult period if the approach of "responsibility toward public funds" is maintained."The reform of local public administration will be part of the second package of government measures […]

Cseke Attila: Financing PNRR projects stops only when investment has not started

Financing the National Recovery and Resilience Plan (PNRR) projects will continue for those already initiated and will stop only in case investment has not begun, where not a single euro was spent for construction, Development minister Cseke Attila explained on Thursday.   “PNRR will not stop, neither will financing investments which have already been initiated, […]

Insolvency Law amended in second package of Government reforms

The Justice Ministry announced on Thursday having developed in cooperation with the Finance Ministry and the National Tax Administration Agency a set of proposals to amend the Insolvency Law, which will be included in the second reform package.Some of the amendments provide for a higher recovery rate of the taxes and fees owed by insolvent […]

Business consultant: Romania is in the antechamber of recession

  Romania is in the antechamber of recession, with the risk that its economy will decline in the third or fourth quarter, especially amid an increase in taxes, a significant drop in sales and record inflation at European level, says business consultant Adrian Negrescu."We are currently in the antechamber of recession. It is a moment […]

Culture Ministry to adapt national legislation for implementation of European Media Freedom Act

 The Ministry of Culture announced on Thursday that is set to adapt national legislation for enforcing the European Media Freedom Act (EMFA), which supports media pluralism, editorial responsibility, protects journalists from abusive surveillance and intimidation, and provides protection for sources.According to a Culture Ministry release, the implementation in Romania of Regulation (EU) 2024/1083 of the […]