Narodowy Bank Polski

Payment System

PayTech - innovative payment solutions on the Polish market

The modern financial sector is undergoing technological evolution. Institutions that have been operating on the market for many years are subject to the process of digital transformation, and newly-established entities operating according to new business models and based on modern technologies (so-called FinTechs) redefine the way of meeting customer needs in the area of financial services. Constant, innovative technological progress determines the effectiveness of competition on a competitive financial market by creating new distribution channels for financial products and services, expanding the scope of operations and improving the quality of services provided. A special case of FinTech entities are PayTechs, i.e. companies that conduct innovative activities in the area of payments, which use technology to enable electronic transfer of value.

The analysis prepared by Narodowy Bank Polski entitled “PayTech - innovative payment solutions on the Polish market” aims to review the current landscape of the payment services market in Poland in the context of the progressing technological evolution and to indicate possible directions for development in this area.

NBP interest rates

Reference rate 6.75
Lombard rate 7.25
Deposit rate 6.25
Rediscount rate 6.80
Discount rate 6.85

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Table of 2022-12-05
1 EUR4.6898
1 USD4.4415
1 CHF4.7542
1 GBP5.4558
100 JPY3.2842

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Narodowy Bank Polski
Świętokrzyska 11/21
00-919 Warszawa

+48 22 185 10 00
NIP: 525-000-81-98
REGON: 000002223
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