3 FinTech companies offering BNPL in Poland

By Gloria Methri

Buy Now Pay Later (BNPL) is revolutionising the way customers make purchases online and even in-store, by making payments more flexible and convenient for shoppers.

BNPL FinTech companies have seen an increase in popularity over the past few years since they were introduced in the UK back in 2014. This method of payment is becoming increasingly popular in Poland, and there are several BNPL schemes available in the country.

The BNPL payment industry here has recorded strong growth over the last four quarters, supported by increased eCommerce penetration. BNPL payments are expected to grow by 23.0% on an annual basis to reach $1,722.8 million in 2023.

Here are the 3 FinTech companies offering Buy Now Pay Later in Poland –

• PayPo

PayPo in Poland is a ‘shop now-pay later’ service that allows customers to split their payments into three equal installments without incurring any interest or fees. PayPo is available to customers shopping at participating retailers and e-commerce stores. You can pick PayPo upon checkout as a shopper, and you pay for the products purchased later, interest-free. It also provides a mobile app that allows customers to manage their payment plans, track their spending, and make payments

• Tpay

TPay is a Polish payment service provider that offers a range of payment solutions, including Buy Now Pay Later (BNPL) services. Customers can choose to pay for their purchases in installments over a period of up to 36 months. In addition to its BNPL services, TPay also provides other payment solutions, such as mobile payments, card payments, and bank transfers

• Blik

BLIK Pay Later is a Buy Now Pay Later (BNPL) service offered by the Polish payment provider, BLIK. The service allows customers to make purchases with participating retailers and pay for them in installments, usually in three or four equal parts, over a period. BLIK also enables customers to make eCommerce and retail payments, withdraw cash from ATMs and send transfers to other customers using the system.