BLIK owners review IPO

The owners of the Polish mobile payment system BLIK are apparently considering a possible IPO in Warsaw. As reported by the Bloomberg news agency on February 17, the company could be valued at up to US$2 billion in the event of an IPO.

According to the report, the supervisory board of the operator Polski Standard Płatności (PSP) has held initial talks about preparing for an IPO. However, a final decision has not yet been made.

PSP CEO Dariusz Mazurkiewicz declined to comment on specific shareholder plans. "We will not comment on potential shareholder decisions. It is up to them to decide whether and in what model they want to increase the value we have created in the mobile payments market," he was quoted as saying by the daily newspaper Rzeczpospolita. At the same time, he emphasized: "BLIK is the most profitable fintech company on the Polish market."

Just a few days earlier, Mazurkiewicz had not ruled out an IPO in an interview with the business portal XYZ. In addition to raising capital, an IPO could also strengthen international brand awareness, especially among foreign investors.

According to the CEO, the company needs fresh capital for ambitious expansion plans. One possibility would be to set up a holding structure for international business, in which Polish banks would have an indirect stake.

An IPO with a valuation of two billion dollars would be one of the largest in Warsaw in years. BLIK has recently recorded strong growth: in 2025, users processed 2.9 billion transactions with a total value of 441.5 billion zloty (around 104.6 billion euros). The number of active accounts rose to 20.7 million by the end of December.

PSP's main shareholders include PKO BP, Santander, ING, mBank, Millennium, and Alior Bank, as well as Mastercard.

This article was produced in cooperation with our partner bne intelliNews.