DIGITAL

&

TRENDSFinTechinPolandCHAPTER

01OverviewNumberofFinTechcompaniesinPolandfrom2018to2022NumberofFinTechcompaniesinPoland2022350299300274250226205200150100501670201820192020202120224Description:Duringtheobservedperiod,thenumberoffintechinPolandhasbeenincreasingsystematically.In2022,299Fintechcompanieswereoperatinginthecountry.ReadmoreNote(s):Poland;2018to2022;FintechcompaniesfromPolandSource(s):Cashless.pl;MasterCardFintechdistributioninPolandfrom2021to2022,byannualrevenuesFintechdistributioninPoland2021-2022,byannualrevenues2021202250%45%40%35%30%25%20%15%10%5%43%39%28%24%20%17%16%13%0%Upto1mPLN1mPLN-10mPLN10mPLN-100mPLNOver100mPLN5Description:In2022,everyfifthFinTechcompanyinPolandbroughtinbetweenonemillionzlotyand10millionzlotyinrevenueinthepreviousyear.However,thenumberofcompanieswithrevenuesabove10millionzlotyand100millionzlotyincreasedsignificantlycomparedtolastyear.ReadmoreNote(s):Poland;2021to2022Source(s):Cashless.pl;MasterCardFinTechcompaniesinPolandbetween2020and2022,bytypeofbusinessFinTechcompaniesinPoland2020-2022,bytypeofbusinessShareofrespondents202210%20200%5%15%20%25%30%24.8%PaymentsSoftwaresuppliers23.4%10.7%11.3%4.5%7.7%7.4%6.7%ManagementofcompanyfinancesInsurtech3.6%OnlinecurrencyexchangeofficesLoansandcredits7.7%6%5.7%5.7%7.2%ManagementofpersonalfinancesCrowdfunding9.5%4%5.4%Paperlessande-signatureFinancialComparatorsAI3.6%4.3%2.7%3.3%3.2%3.3%Loancompany.6Description:ThemostsignificantnumberofPolishFinTechcompaniesoperateinthepaymentsector-nearly25percent.Morethan10percentweresoftwaresuppliers.ThiswasfollowedbycompanieshelpingtomanagecompanyfinancesandInsurtechR.

eadmoreNote(s):Poland;2020and2022Source(s):Cashless.pl;FundacjanarzeczInnowacjiFinansowychFinTechPolska;KrajowaIzbaRozliczeniowa;VisaInc.FintechdistributioninPolandfrom2021to2022,bye-commercebusinessmodelFintechdistributioninPoland2021-2022,bye-commercebusinessmodel2021202270%60%50%40%30%20%10%0%65%51%40%23%23%18%8%3%B2BB2CB2B2CB2B2B7Description:In2021,51percentofFintechcompaniesinPolandweretargetingothercompanies.Individualcustomersweretherecipientsamong18percentofFintechcompanies.ReadmoreNote(s):Poland;2021to2022Source(s):Cashless.pl;MasterCardAgeofFintechcompaniesinPolandfrom2021to2022,byyearofestablishmentAgeofFinTechcompaniesinPoland2021-20222021202260%50%40%30%20%10%0%51.7%44%20%15%15%13.3%11.7%10%6%5%5%3.3%To20002001-20052006-20102011-20152016-20202021-20228Description:By2022,oneintwoFinTechshadbeeninbusinessthreetosevenyears.NewlyfoundedFinTechsaccountedforsixpercent.ReadmoreNote(s):Poland;2021to2022Source(s):Cashless.pl;MasterCardSizeofFinTechcompaniesintermsofemploymentinPolandfrom2020to2022SizeofFinTechcompaniesintermsofemploymentinPoland2020-202220202021202250%45%40%35%30%25%20%15%10%5%43%40%39%35%32%31%16%16%13%13%13%9%0%Upto10employees11-5051-100Over100employees9Description:FouroutoftencompaniesoperatingintheFinTechindustryinPolandemployedbetween11and50peoplein2022.However,thenumberofcompanieshiringmorethan100peopleincreasedyearlybyfourpercentagepointsR.

eadmoreNote(s):Poland;2020to2022Source(s):Cashless.pl;FundacjanarzeczInnowacjiFinansowychFinTechPolska;MasterCard;O;PracowniaCentrumPrawaNowychTechnologiiTargetgroupsofFinTechcompaniesinPolandin2020TargetgroupsofFinTechcompaniesinPoland202080%69%70%60%50%40%30%20%10%0%56%50%31%6%DirectfinalbusinesscustomerBankDirectfinalcustomer-retailOtherfinancialinstitutionOther10Description:In2020,mostFinTechentitiesinPolandaddressedtheirproductoffertobanks,financialinstitutions,andbusinesscustomers.Halfofthemalsoreachedindividualcustomers.ReadmoreNote(s):Poland;2020;38respondents;21FinTechs,13banks,4LawfirmsSource(s):FundacjanarzeczInnowacjiFinansowychFinTechPolska;O;PracowniaCentrumPrawaNowychTechnologiiTypeofinvestorsinFinTechcompaniesinPolandin2020TypeofinvestorsinFinTechcompaniesinPoland2020Noinvestor38%Onlyprivateinvestor56%Mixed(privateinvestor+publicmarket)6%11Description:MorethanhalfofFinTechcompaniesinPolandwerefinancedbyaprivateinvestoronly.Nevertheless,nearlyfouroutof10companiesdidnothaveaninvestorin2020.ReadmoreNote(s):Poland;2020;38respondents;21FinTechs,13banks,4LawfirmsSource(s):FundacjanarzeczInnowacjiFinansowychFinTechPolska;O;PracowniaCentrumPrawaNowychTechnologiiFinTechtransactionvalueinPolandfrom2017to2026*,bysegment(inbillionU.S.dollars)FinTechtransactionvalueinPoland2017-2026,bysegmentDigitalPaymentsAlternativeLendingAlternativeFinancingNeobankingDigitalAssetsDigitalInvestment160140120100806040200201720182019202020212022202320242025202612Description:AccordingtotheDigitalMarketOutlook,theDigitalPaymentssegmentinPolandwasexpectedtogrowtonearly101billionU.S.dollarsin2026.NeobankingwasthesecondmajorFinTechsegmentintheregion,withanexpectedvalueofover30.2billonU.S.dollarsby2026.

ReadmoreNote(s):Poland;2017to2026;*TheForecastwasadjustedfortheexpectedimpactofCOVID-19.FinTechisshortfor′FinancialTechnology`,thecentralconceptofstructuralchangeanddigitizationwithinthefinancialservicesindustry.Underthe[...]Read

moreSource(s):FinTechuservolumeinPolandfrom2017to2026*,bysegment(inmillions)FinTechuservolumeinPoland2017-2026,bysegmentDigitalPaymentsDigitalAsstetsNeobankingDigitalInvestment302520151050201720182019202020212022202320242025202613Description:AccordingtotheDigitalMarketOutlook,theFinTechsegmentwithhighestpenetrationrateinPolandwasdigitalpayments,whichwasexpectedtoaccountforover21millionusersin2026.Usersofneobankinginthecountrywerealsoexpectedtogrowsteadily,yetthefiguresweresignificantlylowercomparedtotheformersegment'slevels.ReadmoreNote(s):Poland;2017to2026;*TheforecastwasadjustedfortheexpectedimpactofCOVID-19.FinTechisshortfor′FinancialTechnology`,thecentralconceptofstructuralchangeanddigitalizationwithinthefinancialservicesindustry.Underthe[...]Read

moreSource(s):CHAPTER

02DigitalpaymentsDoyouevermakeelectronicpayments?ShareofrespondentswhomadeonlinepaymentsinPoland2019-20202019202060%50%40%30%20%10%0%57%53%47%43%YesNo15Description:Between2019and2020,thenumberofPolishconsumerswhomadeelectronicpaymentsincreasedbyninepercent.However,53percentofrespondentsnevermadeelectronicpayments.ReadmoreNote(s):Poland;November6-12,2020;2400respondentsSource(s):IzbaGospodarkiElektronicznejMostpopularpaymentmethodsinPolandin2020,bydeviceMostpopularonlinepaymentmethodsinPoland2020,bydeviceShareofrespondentsTabletSmartphone0%PC/laptop5%10%15%20%25%30%35%40%24%Onlinepayment(e.g.Przelewy24,PayU,Dotpay,tPay,eCard,andotherPay-By-…BLIKpayment(withtheuseofyourbank'smobileapplication)Traditionaltransfer(withwrittenaccountnumber)Payondeliverybycreditcard27%35%19%27%26%25%20%22%15%17%19%11%11%Cashondelivery(collectinstore)13%18%16%Cashondelivery19%18%18%Creditcard(placinganorder)20%17%13%PaymentbywatchwithApplePay,watchwithGooglePay,GarminPayorFitbitPayInstalmentpayment(e.g.e-Raty)10%10%10%9%9%12%12%SMSpayment11%11%Defferedpayment8%9%GooglePaypayment7%8%12%12%Mobilepayment(QRcode)7%6%12%ApplePaypayment10%16Description:In2020,onlinepaymentswerethemostpopularpaymentmethodfrommostdevicessuchascomputers,smartphones,andtablets,followedbyBLIK,whichhasrecentlygainedsignificantlyinpopularityinPolandR.

eadmoreNote(s):Poland;November6-12,2020;1,208*;*theoriginalsurveyquestionwaswordedinPolishasfollows:Zjakichproduktówfinansowychitransakcyjnychkorzystaa/-eprzydokonywaniupatnocizazakupywinterneciewciguostatnich6[...]Read

moreSource(s):IzbaGospodarkiElektronicznejNumberofcontactlessmobiletransactionsinPolandfromthe4thquarterof2019to4thquarterof2021,bybank(inmillions)ContactlessmobiletransactionsinPoland2021,bybankNumberoftransactionsinmillions*Q4'21Q4'2040Q4'190102030506070809076.8mBankSantanderMillenniumAlior/TMUBPekao**29.0918.1618.1734.212.6432.417.3210.8311.58.676.649.199.836.836.4CreditAgricoleSGB3.481.9420.90.5BO0.40.09Pocztowy17Description:Attheendof2021,bankcustomersinPolandmadeover173millioncontactlessmobilepaymentsusingsuchsolutionsasApplePay,GooglePay,HCE,GarminPay,andFitbitPay.ThemostsignificantnumberofsuchtransactionsweremadebymBankclients-nearly77million.Santander'sclientspaidwithsmartphonesandsmartwatchesover34milliontimes,Millenniumcardholders-morethan32milliontimes.ReadmoreNote(s):Poland;Q42019toQ42021;*ApplePay,GooglePay,HCE,GarminPay,andFitbitPay**Incaseoflackofcurrentdata,datafrompreviousquartersweregivenReadmoreSource(s):Cashless.plNumberofmobile-onlybankcustomersinPolandfrom2020to2021,bybank(in1,000s)Numberofmobile-onlybankcustomersinPoland2020-2021,bybank"MobileOnly"customersinthousands*Q4'21Q4'201,50005001,0002,0002,5003,0002,753.8PKOBPINGBanklskiBankMillenniumSantanderBPmBank2,204.61,5401,2951,346.921,107.91,217.43960.841,162.71,168.471,058.02Pekao680.12708.88BNPParibasAliorBank415.43439.66311.53215.87141.29161.399.5940.9614.62CreditAgricoleSantanderCBBankPocztowySGB-Bank518Description:ThepopularityofbankingapplicationsonthePolishmarkethasledtoasituationwheretheyhavebecometheonlymeansofcommunicationbetweencustomersandtheirbankorthewayofmaintainingabankaccount.Inthefourthquarterof2021,PKOBPhadthelargestnumberofsuchclients-over2.7million,followedbyINGBankSlaskiandBankMillennium.ReadmoreNote(s):Poland;Q42020toQ42021;*Minimum1logonpermonthinagivenquarterReadmoreSource(s):bankier.pl;PRNews.plNumberofcashlesstransactionsinPolandfromthe3rdquarterof2017to2ndquarterof2021(inbillions)Numberofnon-cashtransactionsinPoland2017-20212.01.791.731.81.61.41.21.00.80.60.40.20.01.561.531.521.511.431.431.361.271.251.231.171.041.041Q3'17Q4'17Q1'18Q2'18Q3'18Q4'18Q1'19Q2'19Q3'19Q4'19Q1'20Q2'20Q3'20Q4'20Q1'21Q2'2119Description:Inthesecondquarterof2021,1.79billionnon-cashtransactionswerecarriedoutinPoland,whichisanincreaseof18percentonthepreviousquarter.ReadmoreNote(s):Poland;Q32018andQ22021Source(s):NationalBankofPolandValueofcashlesstransactionsinPolandfromthe3rdquarterof2017to2ndquarterof2021(inbillionzloty)Valueofnon-cashtransactionsinPoland2017-2021140119.7120112108.1101.610296.910080604020094.692.79387.48079.876.271.568.366.6Q3'17Q4'17Q1'18Q2'18Q3'18Q4'18Q1'19Q2'19Q3'19Q4'19Q1'20Q2'20Q3'20Q4'20Q1'21Q2'2120Description:Inthesecondquarterof2021,non-cashtransactionswithcardsinPolandtotaled119.7billionzloty,anincreaseof17percentcomparedtothepreviousquarter.ReadmoreNote(s):Poland;Q32017toQ22021Source(s):NationalBankofPolandNumberoffinancialtransactionsusingBLIKinPolandfrom2015to2021(inmillions)BLIKtransactionsinPoland2015-20219008007006005004003002001000763424218913381201520162017201820192020202121Description:Intheyears2015-2021,thePolishmobilefinancialtransactionsystemBLIKhasseenasignificantincreaseinusertransactions.Since2015,thenumberofBLIKtransactionshasincreasedfromtwomillionto763millionin2021.BLIK'sinternettransactionshaveincreasedinthefourthquarterof2021,reaching240million.ReadmoreNote(s):Poland;2015to2021Source(s):PolskiStandardP?atno?ci;Twitter(@BLIKmobile)NumberofactiveBLIKpaymentusersinPolandfrom2019to2021(inmillions)NumberofactiveBLIKpaymentusersinPoland2019-2021121010.18.687.686420765.44.94.5Q42019Q12020Q22020Q32020Q42020Q1'21Q2'21Q3'21Q4'2122Description:Inthefourthquarterof2021,overtenmillionpeopleactivelyusedtheBLIKpaymentmethodinPoland.Anincreaseof44percentfromthesameperiodayearago.ReadmoreNote(s):PolandSource(s):PolskiStandardP?atno?ci;Twitter(@BLIKmobile)DoyouevermakepaymentswithyourwatchusingApplePay,GooglePay,GarminPayorFitbitPay?ShareofrespondentswhopaidwithawatchinPoland2018-2020YesNo100%90%80%70%60%50%40%30%20%10%0%88%87%86%14%13%12%20182019202023Description:Between2018and2020,theshareofpaymentsmadethroughawatchusingApplePay,GooglePay,GarminPay,orFitbitPayincreased.However,amajorityofrespondentsdidnotusesuchpaymentmethods.Read

moreNote(s):Poland;November6-12,2020;2400respondentsSource(s):IzbaGospodarkiElektronicznejWhattypeofwearablesequippedincontactlesstechnologyformakingpaymentsdoyouown?WearabledevicesusedtomakecontactlesspaymentsinPoland2020Shareofrespondents30%0%10%20%40%50%60%70%Watch11%Bracelet9%9%9%9%RingGlovesFitnessbandNoneofthementionedabove61%24Description:In2020,39percentofconsumersinPolandownedwearabledevicesequippedincontactlesstechnologyformakingpayments.Watcheswerethemostpopular,ownedby11percentofrespondents.Ninepercentofrespondentsownedeitherbraceletsorringsforcontactlesspayments.Themajorityofrespondentsdidnotpossesssuchdevices.ReadmoreNote(s):Poland;November6-12,2020;2400respondentsSource(s):IzbaGospodarkiElektronicznejWhatdoyouthinkaboutpaymentsofthefuture(e.g.usingvirtualreality,fingerprints,NFCimplants,neuropayments)?OpinionsonfuturepaymentsinPoland2019-20202019202050%45%40%35%30%25%20%15%10%5%47%47%36%28%25%18%0%IamagainstIaminfavorIhavenoopinion25Description:Between2019and2020,theshareofconsumersinPolandwhowereinfavorofmodernpayments(e.g.,useofvirtualreality,fingerprints,NFCimplants,neuropayments)increasedfrom18percentin2019to25percentin2020.In2020,almosthalfoftherespondentswereagainstsuchsolutions.

ReadmoreNote(s):Poland;November6-12,2020;2400respondentsSource(s):IzbaGospodarkiElektronicznejFinTech:digitalpaymentstransactionvalueinPolandfrom2017to2026*,bysegment(inmillionU.S.dollars)DigitalpaymentstransactionvalueforecastinPoland2017-2026,bysegmentDigitalCommerceMobilePOSPayments120,000100,00080,00060,00040,00020,0000201720182019202020212022202320242025202626Description:AccordingtotheDigitalMarketOutlook,thedigitalcommercesegmentinPolandwasexpectedtogrowtoover44billionU.S.dollarsin2026.AsformobilePOSpaymentsvolume,itwasprojectedtoreachnearly56.6billionU.S.dollarsby2026R.

eadmoreNote(s):Poland;2017to2026;*TheforecastwasadjustedfortheexpectedimpactofCOVID-19.TheDigitalPaymentsmarketsegmentisledbyconsumertransactionsandincludespaymentsforproductsandserviceswhicharemadeoverthe[...]ReadmoreSource(s):FinTech:digitalpaymentsuservolumeinPolandfrom2017to2026*,bysegment(inmillions)DigitalPaymentsuservolumeforecastinPoland2017-2026,bysegmentDigitalCommerceMobilePOSPayments3025201510566.26.45.86.65.44.83.11.80.721.72221.721.52121.319.91918.217.30201720182019202020212022202320242025202627Description:AgraduallygrowingnumberofusersbothfordigitalcommerceandmobilePOSpaymentsinPolandwasexpectedtoamounttoover21andoversixmillionusersby2026respectively,accordingtotheDigitalMarketOutlook.Read

moreNote(s):Poland;2017to2026;*TheforecastwasadjustedfortheexpectedimpactofCOVID-19.TheDigitalPaymentsmarketsegmentisledbyconsumertransactionsandincludespaymentsforproductsandserviceswhicharemadeoverthe[...]ReadmoreSource(s):CHAPTER

03BankTechFinancialandtransactionproductsinPolandfrom2019to2020FinancialandtransactionproductsinPoland2019-2020Shareofrespondents20200%201910%5%15%20%25%30%35%40%45%50%47%55%CreditcardBankaccountwithaccessviatheInternetBankaccountwithoutactiveinternetaccessBank'smobileappenablingBLIK,HCEpaymentsPayPalaccount48%40%44%25%23%20%19%21%16%Bank'smobileappenablingSkyCash,mPay,moBILET,Twisto,Revolut,N26payments16%11%ApplePay,Google,Pay,GarminPay,FitbitPaypaymentsAccountatVISACheckout9%9%7%AccountontheMasterPasswebsite11%29Description:Between2019and2020,Polishconsumersusedvariousfinancialandtransactionalproducts.Forty-sevenpercentofrespondentssaidtheyhadacreditcardin2020.Theywere,therefore,themostpopularfinancialandtransactionalproducts.Read

moreNote(s):Poland;November6-12,2020;2400*;*2019:N=2400;2020:N=2400ReadmoreSource(s):IzbaGospodarkiElektronicznejValueoftransactionsprocessedintheBlueCashsysteminPolandfrom2012to2021(inbillionzloty)ValueofordersprocessedinBlueCashsysteminPoland2012-20211413.2613.08121089.99.625.7364.642.3721.220.70.040201220132014201520162017201820192020202130Description:InPoland,thevalueoftransfersexecutedintheBlueCashsystembetweenintheobservedperiodshowedanupwardtrend.Thevalueincreasedfrom0.04billionzlotyin2012to13.2billionzlotyin2021R.

eadmoreNote(s):Poland;2012to2021Source(s):NationalBankofPolandNumberoftransactionsprocessedintheBlueCashsysteminPolandfrom2012to2021(inmillions)NumberofordersprocessedinBlueCashsysteminPoland2012-20211411.711.61121089.98.2863.5443.332.431.6120.960.050201220132014201520162017201820192020202131Description:InPoland,thenumberoftransfersexecutedintheBlueCashsystembetween2012-2019showedanupwardtrend.Thenumberincreasedfrom0.05millionordersin2012to11.6millionin2021R.

eadmoreNote(s):Poland;2012to2021Source(s):NationalBankofPolandValueoftransactionsprocessedintheExpressElixirsysteminPolandfrom2012to2021(inbillionzloty)ValueofordersprocessedinExpressElixirsysteminPoland2012-202112098.7100806040200654429.7716.98201710.2620166.714.281.80.082012201320142015201820192020202132Description:InPoland,thevalueoftransactionsexecutedintheExpressElixirsystemintheobservedperiodshowedanupwardtrend.Thevalueincreasedfrom0.08billionzlotyin2012to99billionzlotyin2021R.

eadmoreNote(s):Poland;2012to2021Source(s):NationalBankofPolandNumberoftransactionsprocessedintheExpressElixirsysteminPolandfrom2012to2021(inmillions)NumberofordersprocessedinExpressElixirsysteminPoland2012-2021140123.412010080604020058.926.712.5420184.962.690.330.941.50.0220122013201420152016201720192020202133Description:InPoland,thevalueoftransfersexecutedintheExpressElixirsystemintheobservedperiodshowedanupwardtrend.Thenumberincreasedfrom0.02millionin2012to123millionin2021R.

eadmoreNote(s):Poland;2012to2021Source(s):NationalBankofPolandValueoftransactionscarriedoutintheSORBNET2systeminPolandfrom2011to2021(intrillionzloty)ValueofordersintheSORBNET2systeminPoland2011-2021140121.412010080604020096.779.377.973.172.27169.967.868.163.62011201220132014201520162017201820192020202134Description:Intheobservedperiod,thevalueoftransactionsexecutedinSORBNETsystemsinPolandinhadanupwardtrend,althoughtheannualvaluein2014and2016waslowerthaninpreviousyears.ThevalueofSORBNETtransactionsincreasedfrom63.6trillionzlotyin2011to121.4trillionzlotyin2021,anincreaseof91percentovertheyears.ReadmoreNote(s):Poland;2011to2021Source(s):NationalBankofPolandNumberoftransactionscarriedoutintheSORBNET2systeminPolandfrom2011to2021(inmillions)NumberofordersintheSORBNET2systeminPoland2011-20215.04.634.44.54.03.53.02.52.01.51.00.50.04.314.264.193.933.663.293.082.972.622011201220132014201520162017201820192020202135Description:Intheobservedperiod,theannualnumberoftransactionsinSORBNET2inPolandshowedastableupwardtrend.Thevolumeoftransactionsincreasedfrom2.6millionin2011to4.6millionin2021,anincreaseof76.7percentovertheyearsR.

eadmoreNote(s):Poland;2011to2021Source(s):NationalBankofPolandCHAPTER

04CryptocurrenciesShareofconsumerswhopayedwithvirtualmoney,e.g.bitcoinorlitecoin,inPolandbetween2018and2020PaymentswithvirtualcurrenciesinPoland2018-2020201820192020100%90%80%70%60%50%40%30%20%10%0%90%88%86%14%Yes12%10%No37Description:Between2018and2020,theshareofconsumersinPolandwhopaidwithvirtualcurrenciesslightlyincreased,from10percentin2018to12percentin2020.However,thevastmajorityofconsumersdidnotusethismethodofpaymentR.

eadmoreNote(s):Poland;November6-12,2020;2400respondentsSource(s):IzbaGospodarkiElektronicznejAveragevalueshareofparticularcryptocurrenciesinPoles'walletsin2021MostpopularcryptocurrenciesinPoland2021,bytype40%35%35%35%30%25%20%15%10%5%8.5%3.5%3.1%2.6%0%BitcoinEthereumRippleCardanoLitecoinStellar38Description:Accordingtothesource,Polesheldcryptocurrencieswithatotalvalueofabout380millionzlotysinRevolutwallets.Byvalue,thelargestshareaccountedforbitcointogetherwithethereum(35percenteach)asofJuly2021.Read

moreNote(s):Poland;July2021Source(s):Money.pl;RevolutEstimatedrealizedBitcoingainsinselectedcountriesinCentralandEasternEuropein2020(inmillionU.S.dollars)EstimatedrealizedBitcoingainsintheCEEregion20207006006005004004003003002002001000RussiaUkraineCzechiaPoland39Description:In2020,thehighestbitcoinearningsamongCentralandEasternEuropeancountriesweremadebyRussia-about600millionU.S.dollars.ReadmoreNote(s):CEE;2020Source(s):ChainalysisWhatproductcategoriesdoyoubuywithvirtualcurrencies(bitcoin,litecoin)?ProductspurchasedwithvirtualcurrenciesinPoland2020Shareofrespondents0%2%4%6%8%10%12%14%16%18%Culture(books,records,films,whetherinphysicalordigitalform)Webgambling16%15%Tickets(tothecinema,totheconcert,tothetheater)Sportsequipmentandaccessories14%12%12%Homefurnishings,includingfurnitureandinteriordesignarticlesPharmaceuticalproducts,includingmedicines,supplementsCosmetics,includinghygieneproducts11%11%11%11%Electronicequipment,includingRTV/hardwareorcomputersandsoftwareClothing,includingfootwear,accessoriesandaccessoriesArticlesforcollectors10%Constructionandfinishingmaterials10%10%10%HouseholdchemistryPublictransport,rail,busandairtickets40Description:In2020,Polishrespondentsweremostlikelytopaywithvirtualcurrenciesforculturalproductssuchasbooks,CDs,andmovies.Gamblingwasalsoapopularonlineactivitypaidforwithvirtualmoney.ReadmoreNote(s):Poland;November6-12,2020;281respondentsSource(s):IzbaGospodarkiElektronicznejDoyouconsidermakingpaymentsinvirtualcurrencies(includingbitcoin,litecoin)in2020?ConsiderationsonusingvirtualcurrenciesinPoland2018-2020201820192020100%90%80%70%60%50%40%30%20%10%0%95%93%88%12%7%5%YesNo41Description:Between2018and2020,theshareofconsumersinPolandwhoconsideredpaymentsinvirtualcurrenciesincreasedfromsevenpercentin2018to12percentin2020.However,thevastmajorityofconsumershavednotconsideredusingthispaymentmethod.

ReadmoreNote(s):Poland;November6-12,2020;2132respondentsSource(s):IzbaGospodarkiElektronicznejHowmanytimeshaveyoupaidinvirtualcurrencies(bitcoin,litecoin)inthelast6months?Payinginvirtualcurrenciesinthelast6monthsinPoland2020Shareofrespondents15%0%5%10%20%25%30%35%2-5times5-9times29%27%once26%morethan10timesnotevenonceIdon'tremember7%5%6%42Description:In2020,morethan80percentorrespondentshavepaidinvirtualcurrencies(e.g.bitcoin,litecoin)upto10timesinthelastsixmonths.ReadmoreNote(s):Poland;November6-12,2020;281respondentsSource(s):IzbaGospodarkiElektronicznejGrowthininterestinbitcoinpurchasethroughRevolutinPolandin2021BuyingbitcointhroughRevolutinPoland2021Quarterlychange0%50%100%150%200%250%300%284%Poles'spendingonbitcoinsAveragecustomerspendingonbitcoin60%Frequencyofbitcoinpurchase190%AverageamountspentonbitcoinpurchasesNumberofcustomersinterestedinbitcoinNumberofMillennials*buyingbitcoin33%140%199%AveragespendbyMillennials*onbitcoinpurchases48%43Description:ThenumberofPolesinterestedincryptocurrenciesandtheirpurchaseincreasedinthefirstquarterof2021.Polesspent284percentmoreonbitcoinsthaninthepreviousquarter.Poleswerebuyingmorefrequently,andtheaverageamountspentonbitcoinpurchasesincreasedby60percentquarter-on-quarter.

ReadmoreNote(s):Poland;Q12021;*Age25-34ReadmoreSource(s):bankier.pl;RevolutSearchinterestforaparticulartypeofcryptocurrencyinPolandin2021SearchinterestforcryptocurrencyinPoland2021,bytypeofcryptocurrencyShareo