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PKO BP mulling new card payment system

11th December 2013
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Poland's largest lender PKO BP is working on introducing a new payment card to the Polish market, Dziennik Gazeta Prawna reported. The card is planned as a complementary element to the new online payment system, to be launched by PKO BP together with five other banks. 
 
“Over 90 percent of non-cash transactions are carried out domestically,” PKO BP's chief executive Zbigniew Jagie³³o told the newspaper. “That is why we should have a domestic card payment system, which would translate into lower transaction fees and other benefits.” 
 
After PKO BP, Millennium, ING, BZ WBK, mBank and Alior Bank create their mutual mobile payments system, their next step should be a card system, the CEO said. Such systems already exist in Western Europe, he explained. Customers use domestic systems locally and Visa or MasterCard abroad.
 
Robert £aniewski, president of the Foundation for development of non-cash transactions said that it is a great idea, but the system should be available for all banks that wish to join.
 
 

From Warsaw Business Journal


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