The Development of Fintech in Poland as a Factor of International Competitiveness (Finansovìj prostìr)

Summary

• Poland's fintech ecosystem includes over 400 active companies employing over 22,000 people.p.5
• Accumulated investment volume in the Polish fintech sector reached over €1 billion.p.5
• Digital banking adoption in Poland stands at over 80% of banking service users.p.5
• Poland leads Central and Eastern Europe with over 400 active fintech firms, compared to 282 in Lithuania, around 170 in Estonia, and around 150 in the Czech Republic.p.6
• The national payment system BLIK processed almost 3 billion transactions in 2025.p.8
• In 2025, law enforcement dismantled a fraud ring using BLIK codes that defrauded about 1,300 people of over 3 million PLN.p.8

Key insights

1. Institutional financial and banking reforms initiated in 1989 laid the technological and structural foundation for Poland's modern fintech ecosystem.p.3
2. The implementation of PSD2 in 2018 triggered an innovation phase driven by Open Banking, APIs, and AI integration.p.3
3. Poland's fintech market is structurally dominated by Payments and Financial Software segments.p.6
4. The national payment system BLIK successfully competes against global digital payment providers in its domestic market.p.7
5. Mobile banking and cashless payment adoption rates in Poland exceed the European Union average.p.7
6. Compliance with new EU regulations including MiCA, DORA, PSD3, and FiDA requires significant capital investment from fintech startups.p.8