Polish Post Office prepares to face banks
Facing competition from commercial banks, Poczta Polska (PP), the Polish post, is broadening its offer of financial services to individual clients. Bar code reading devices, to be online by Q3 2004, will allow for fast cash transfers to bank accounts from PP offices. Software integration with databases of state-run pension funds will facilitate cash transfers to individuals who collect their pensions at post offices. Along with basic deposit services, PP will also be able to open credit lines, and facilitate credit card transactions.
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