The polish economy is seen as the one of the European best performing economies during the global crisis. Poland is expected to have a positive GDP growth in 2009 and probably will be the only country in EU10 to achieve that. Still, the tougher conditions force people to find saving possibilities where possible and business to find new sources of income. These conditions facilitate polish e-commerce market to evolve. More and more people tend to buy goods online and internet transactions are expected to make up 15% of all purchase transactions in 2010.
Mobile penetration in Poland
Source: UKE report on the state of polish telecommunications market (http://www.uke.gov.pl/)
Some part of online transactions may be classified as micropayments, which usually amount to about 1 - 80 PLN. As mobile penetration rate in Poland grows to 116.8% in Q3 2009 (Central Statistical Office), the mobile payments through Premiums SMS seem to be the most favourable payment channel for micropayments. M-payments are very convenient for users and can be used by everyone owning a mobile phone. Polish customers, still a bit anxious about the security of other payment channels like credit cards or virtual wallets, more eagerly use SMS payments for small online purchases. On the other hand, business owners looking for new income sources benefit from the access to the wider group of potential customers, including those not willing or not able to use internet banking or other payment solutions.
According to Frost & Sullivan report Money in Mobile – European Transactions, mobile payment market in Western Europe is expected to reach 4-5 billion EUR in 2013. However, in Poland m-payment market is still in early development phase. Thanks to cooperation of main polish mobile operators and banks in March 2009 the first polish m-payment guidance programme has been established. Sharifah Amirah, the main analyst of the telecommunications sector at Frost & Sullivan, says that “It is worth to introduce new technologies, because Poland and other countries of Central and Eastern Europe could soon catch up with their Western partners. (…) Poland, Czech Republic and Hungary have the chance to outstrip the technological level of infrastructure of developed European countries and begin to apply modern methods of payment using a SIM card on a wider scale.” [1]
Another study, IEMR’s Poland Mobile Payment Market Forecast, expects that the gross transaction value of mobile payments in Poland will reach $1.16 billion in 2013. All these information can only confirm that mobile payment and value added services sector in Poland is facing towards a good direction. In these “recession times” it may turn out that m-commerce is the best opportunity for cost-effective development of already running business as well as a good starting point for new entrepreneurs.
[1] http://www.frost.com/prod/servlet/press-release.pag?docid=185179726
