Polish startup Blik powers ahead

Banks competing in one of Europe’s most cutthroat markets — which decided to team up on a new technology that allows their customers to leave their wallets at home — are doing roaring business with a startup. The Polish startup, Blik, enables customers of nine banks to draw cash from ATMs, wire money using telephone numbers and pay for goods or services on the internet and in shops without sharing card or bank data. Two years after its launch, it has 3.5 million users and enables 2 million transactions per month.