The owners of Polish mobile payment system BLIK have held preliminary discussions regarding a potential initial public offering in Warsaw that could value the company at up to $2bn, Bloomberg reported on February 17.

According to the report, the supervisory board of BLIK’s operator, Polski Standard Platnosci (PSP), has discussed a proposal to commence work on an IPO but has not yet reached any conclusions.

PSP CEO Dariusz Mazurkiewicz addressed the reports at a press conference later on February 17.

“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 built in the mobile payments market,” Mazurkiewicz said, as cited by the Rzeczpospolita daily.

“I would just like to add that BLIK is the most profitable fintech on the Polish market,” the CEO also noted.

While the company declined to comment on specific shareholder decisions on February 17, Mazurkiewicz had discussed the potential for a listing with business portal XYZ days earlier.

“It cannot be ruled out. Everything will depend on the shareholders. In my opinion, apart from the capital aspect, such an IPO could bring greater brand recognition, also in the eyes of foreign investors,” Mazurkiewicz told XYZ.

Mazurkiewicz explained in the interview with the portal that the company needed recapitalization to implement ambitious expansion plans. He added that he was considering building a holding structure for international operations, in which Polish banks would participate indirectly as shareholders of PSP.

A listing at the alleged valuation would mark one of the largest IPOs on the Warsaw Stock Exchange in years, Rzeczpospolita noted.

BLIK has seen rapid growth in recent years. In 2025, users made a total of 2.9bn transactions worth PLN441.5bn (€104.6bn). Over the past 12 months, more than 2mn new users have joined BLIK, which at the end of December translated into 20.7mn active accounts.

PSP’s key shareholders include major Polish lenders PKO BP, Santander, ING, mBank, Millennium, and Alior Bank, as well as Mastercard.