Payments Landscape in Poland: Growth, Executive Summary Opportunities and Risks
Posted by deevika on February 27th, 2019
Market Research Hub (MRH) has actively included a new research study titled Payments Landscape in Poland: Opportunities and Risks to 2022 to its wide online repository. The concerned market is discoursed based on a variety of market influential factors such as drivers, opportunities and restraints. This study tends to inform the readers about the current as well as future market scenarios extending up to the period until forecast period limit; 2022. In addition, a deep analysis of the competitive landscape, including prime market players is also enclosed in this report.
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Payments Landscape in Poland: Opportunities and Risks to 2022
- To further push the use of contactless payments, the Polish central bank passed a new regulation in May 2018 increasing the contactless payment limit. Effective from Q2 2019, consumers can make contactless payments of up to PLN100 (.71) without needing to enter their PIN. The current limit for contactless payments in Poland is limited to PLN50 (.36). Contactless usage is anticipated to grow further, with major Polish cities now enabling contactless card payments for public transport. In March 2018, an open ticket payment system was implemented in the public transportation vehicles of Wrocaw. The system was launched by Mennica Polska in partnership with First Data, enabling commuters to make payments using their Visa and Mastercard contactless cards. Similar systems were also introduced in smaller cities such as Jaworzno, Rybnik, wiebodzice and d.
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