Summary of the 182nd mBank-CASE Seminar
-
Ewa Balcerowicz
Chairwoman of CASE Supervisory Council (July 2008-present) and mBank-CASE Seminars Project Manager
Articles from this author:
- 182nd mBank-CASE Seminar Proceedings: Polish and Ukrainian Agriculture in a Common Europe
-
180th mBank-CASE Seminar Proceedings: BNPL: Buy Now Pay Later. Deferred Payment– An Established Idea Gaining Traction
The publication examines the growing popularity and implications of the Buy Now, Pay Later (BNPL) financial model in Poland and globally. It features expert analyses and discussions from a seminar held on March 14, 2024, including insights from key players like PayPo, PKO BP, and the Credit Information Bureau (BIK). The publication focuses on: BNPL Evolution and Success: Originating in Sweden, BNPL has transformed global online shopping, offering deferred payment options as an alternative to credit cards. Poland's BNPL market, still in its infancy, shows rapid growth due to firms like PayPo, Twisto, and Allegro Pay. Comparison with Credit Cards: Unlike credit cards, BNPL offers simpler, targeted transactions that resonate with younger demographics and more women. It avoids the complexities and high fees associated with traditional credit cards, fostering higher adoption rates. Polish Market Dynamics: By the end of 2023, nearly 2 million Poles had used BNPL, representing 12% of active borrowers. PayPo leads the market with innovative features, while PKO BP introduces seamless banking integration for deferred payments. Challenges and Growth Potential: Despite its success, establishing a universal BNPL business model remains challenging. However, its consumer-centric approach signals continued growth, especially as it aligns with modern purchasing behaviors. The report provides a nuanced understanding of how BNPL reshapes financial landscapes, blending fintech innovation with traditional banking.
-
179th mBank – CASE Seminar Proceedings: Economic Scenarios for Poland
The mBank-CASE seminar publication presents economic scenarios for Poland discussed by Polish economists in November 2023, shortly after the parliamentary elections that ended the eight-year rule of the Law and Justice party. The experts analyzed the country’s macroeconomic situation, growth prospects, and the consequences of the populist policies from 2016–2023. They highlighted current challenges such as labor market imbalances, high inflation, an expansionary fiscal policy, and the issue of an aging population. They also provided recommendations for monetary, fiscal, educational, and immigration policies. In addition to short-term challenges like very low unemployment and rising labor costs, the authors emphasize the need for a deliberate approach to economic policy. In the longer term, we face the challenge of diminishing potential to converge further with the more developed economies of the European Union. An aging population and the anticipated slowdown in productivity growth require us to take structural action. The experts suggest that only by increasing innovation, improving education quality, and creating conditions for well-integrated immigration will we be able to maintain sustainable economic growth in the coming decades.