What mPay does

mPay Spółka Akcyjna is a Polish mobile payment fintech founded in 2004 and listed on the Warsaw Stock Exchange NewConnect market since 2011, operating as a National Payment Institution supervised by KNF (Polish Financial Supervision Authority) under an own Payment Scheme license granted by the National Bank of Poland. The core product is a unified mobile super-app that combines a Visa debit card (virtual and physical), P2P transfers by phone number, personal loans up to 25,000 PLN, insurance products (OC, AC, NNW, travel), public transport and train tickets, parking payments, highway tolls (A1, A4, eToll), and bill payments, with an mFlota wholly-owned subsidiary serving the B2B fleet management segment.

The technology stack centers on a proprietary payment scheme licensed by the National Bank of Poland, enabling the company to issue Visa debit cards accepted globally and to conduct payment account operations under regulatory supervision — a capability rare among Polish fintechs. Distribution relies on app stores (iOS, Google Play, Huawei AppGallery), direct self-serve download, and a deep ecosystem of integrations with 15+ public transport operators (ZTM Warszawa, PKP Intercity, Polregio, and regional carriers) and parking operators across Polish cities, supplemented by a brand ambassador partnership with Polish football star Jakub Błaszczykowski announced February 2024.

The business model operates on a three-tier subscription structure (Standard free, Gold 10 PLN/month, VIP 120–240 PLN/year) layered with transaction-based revenue from payments, ticket commissions, parking fees, loan credit intermediation, insurance affiliate commissions, and B2B fleet service subscriptions. An ancillary e-commerce storefront (sklep.mpay.pl) sells consumer electronics via WooCommerce with Przelewy24 payment processing. The customer base spans 1.8M+ Polish individual consumers and a smaller book of business fleet operators; geographic footprint is domestic (Poland), with no disclosed international operations. The company holds ISO 27001 information security certification and is GDPR compliant.

Name

mPay

Legal name

mPay Spółka Akcyjna

Website

https://mpay.pl

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

mPay S.A. is a Polish mobile payment fintech operating a licensed super-app with Visa debit cards, P2P transfers, loans, insurance, and ticketing across 15+ Polish transport operators, serving 1.8M+ consumers domestically.

Ownership category

akta.pro rank

Product category

Mobile Payments

NAICS

Nondepository Credit Intermediation (5222)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Mobility Payments & Wallets (Transit + Mobility) (THADALAD)

akta.pro secondary industries

A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF), A2A Collections & Direct Account Funding (FSAMAFAH)

Keywords

• Mobile payments
• Public transit tickets
• Parking payments
• Fleet management
• Peer-to-peer transfers

Headquarters

HQ city

Warszawa

HQ country

Poland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Payment Services: Revenue from mobile payment transactions, P2P transfers, and payment processing through the proprietary payment scheme.
2. Subscription Tiers: Three-tier subscription model: Standard (free), Gold (10 PLN/month), and VIP (120-240 PLN/year) with varying card delivery and benefits.
3. Loans: Quick loans up to 25,000 PLN processed through the application, providing credit intermediation revenue.
4. Insurance Products: Insurance policies (OC, AC, NNW, travel) sold through the platform, earning commissions on policy sales.
5. Ticket Sales: Commissions from selling public transport and train tickets (ZTM, PKP Intercity, Polregio, regional trains) through the application.
6. Parking Fees: Transaction fees from mobile parking payments across Polish cities.
7. mFlota Business Service: Fleet management solution for businesses with dedicated pricing and services.
8. E-commerce (sklep.mpay.pl): Online marketplace selling consumer electronics (pendrives, accessories) with revenue from product sales.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

mPay operates a unified mobile payment application under its own NBP-licensed Payment Scheme, enabling Polish consumers to manage finances through a single super-app. The platform offers a Visa debit card, P2P transfers, public transport and train tickets, mobile parking, personal loans up to 25,000 PLN, insurance products, and bill payments. It also provides mFlota, a dedicated B2B fleet management solution, and operates an e-commerce storefront at sklep.mpay.pl.

Product overview

mPay is a Polish mobile-first fintech platform offering a unified super-app for everyday financial management and urban mobility. The core product is the mPay mobile application, which serves as a central hub connecting multiple services: a Visa debit card (available as virtual or physical), P2P transfers, personal loans up to 25,000 PLN, insurance products, public transport ticketing across major Polish cities (Warsaw, Wrocław, Łódź, Lublin, Częstochowa, Radom), railway tickets (PKP Intercity, Polregio, and regional carriers), parking payments in multiple cities, bill payment services, and highway tolls (A1, A4, eToll). For businesses, mPay offers mFlota fleet management. The platform also includes a loyalty program (mPay Club), a trip planner (mPay Go), a voucher system (mVoucher), and operates an e-commerce store (sklep.mpay.pl). The subscription tiers (Standard 0 PLN, Gold 10 PLN/month, VIP 20 PLN/month) provide access to card services and additional features. mPay holds a National Payment Scheme license and KNF supervision as a National Payment Institution.

Differentiator

Problem solved

Functional benefit

Brands

• mFlota: Fleet management solution for business users to manage company vehicles and expenses.
• mVoucher
• mPay Club

Products and services

• mPay Mobile Application

Named customers17 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature1 record

Partnerships

Six partnerships are on record, tiered core.

• Jakub BłaszczykowskicoreGTM or Marketing Partner · 14 February 2024Polish football star and national team player serves as brand ambassador for mPay. Partnership aims to develop brand awareness and reach broader consumer audience in Poland. Announcement made February 14, 2024.
• ZTM WarszawacoreStrategic or Co-development PartnerWarsaw Metropolitan Transport Authority. mPay serves as mobile ticketing platform for ZTM public transport tickets in Warsaw.
• PKP IntercitycoreStrategic or Co-development PartnerNational rail carrier. mPay enables purchase of PKP Intercity train tickets through the mobile application.
• PolregiocoreStrategic or Co-development PartnerRegional rail operator. Partnership enables train ticket sales through mPay platform for regional journeys.
• VisacoreTechnology or IntegrationGlobal payment network. mPay issues Visa debit cards accepted worldwide, enabled by NBP licensed payment scheme.
• National Bank of PolandcoreOthersRegulatory body that granted mPay license for own Payment Scheme, enabling the company to operate as National Payment Institution.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Revolut: Global super-app offering accounts, cards, payments, transfers, lending, insurance, and ticketing inside a single mobile experience. Comparable to mPay as a multi-product consumer wallet, but operating at materially larger scale across multiple European markets and serving the same super-app monetization thesis.
• Curve: All-in-one payment card and wallet app that consolidates multiple cards into a single instrument and offers in-app financial services. Comparable to mPay's card-centric, app-native wallet positioning, with similar emphasis on unifying payment experiences.
• Vipps: Norwegian mobile wallet offering P2P transfers, payments, ID, and ticketing services, evolved from a bank consortium into a unified consumer super-app. Comparable to mPay in combining a wallet, payment scheme, and value-added services inside a single mobile app serving a national market.
• SkyCash: Polish mobile payment application offering mobile payments, transit tickets, parking, and toll payments. Closest direct competitor to mPay in Poland, sharing the same mobility-payments super-app positioning and competing for the same municipal and rail operator integrations.
• Swish: Swedish P2P mobile payment system jointly owned by major Swedish banks, enabling instant phone-number-based transfers and merchant payments. Comparable to mPay's P2P and payment-account offering as a nationally adopted consumer mobile payment scheme.
• MobilePay: Danish and Finnish mobile payment app originally launched by Danske Bank, enabling P2P transfers, in-store payments, and integrations with merchants and ticketing. Direct structural parallel to mPay — a national mobile wallet with both peer-to-peer and merchant/transactional use cases.
• BLIK (Polski Standard Płatności): Polish mobile payment standard operated by Polski Standard Płatności, enabling instant P2P transfers, payments, and ATM withdrawals via a six-digit code across nearly all major Polish banks. Direct competitor to mPay's P2P and mobile payment proposition within Poland, with much larger distribution through bank partnerships.

Broad incumbents

• mBank: One of Poland's largest mobile-first retail banks with a leading mobile app offering payments, transfers, card issuance, lending, and insurance. Broader incumbent alternative to mPay — combines deposits, licensed banking, and a super-app experience under a single regulated bank charter.
• PayU: Leading Polish and CEE online payment processor offering merchant acquiring, gateways, and consumer credit. Operates broadly across the Polish payment value chain rather than as a consumer super-app, but competes with mPay for merchant acceptance and embedded credit relationships.

Emerging players

• Twisto: Polish BNPL and consumer credit provider offering installment payments and short-term credit, integrated with Polish e-commerce checkouts. Competes with mPay's loan product on consumer credit origination and has partial overlap on mobile-first lending distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/mpay_
• YouTubeyoutube.com/@mPayPlatnosci
• Facebookfacebook.com/mpayplatnosci
• LinkedInlinkedin.com/company/mpay-s-a-
• Instagraminstagram.com/mpay_aplikacja_mobilna

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about mPay