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The Warsaw Voice » Business » January 9, 2008
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eCard Expands ATM Network
January 9, 2008 By A.R.    
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Less than a year after the launch of its ATM network, the eCard SA company has installed its 200th machine. The network is expanding at a record rate in Poland. By the end of 2008, it is to include some 400 ATMs.

The expansion of the ATM network is the result of accelerating work on the project by almost a year. "This was our strategic decision that required a huge outlay but enabled us to build a network noticed by the biggest financial institutions in record short time," said Konrad Korobowicz, president of the board of eCard SA.

The growing share of eCard ATMs in the Polish market has not escaped the attention of the biggest financial institutions. The company has signed network sharing agreements with BRE Bank, Bank Handlowy w Warszawie SA and Nordea Bank and has obtained attractive locations owing to contracts with, for example, the Kaufland, Społem, M1, Real and Ikea retail chains. Recently eCard installed 16 machines at BP gas stations and will expand to more stations under the contract.

"We plan to maintain this rate of development of our ATM network," said Krzysztof Trojak, member of the board of eCard SA. "In order to attain this, we are conducting intense talks with more financial institutions... and retail centers. We also plan to expand the services offered by our machines, which are already technically capable of handling payments of bills, for example."

Today, there are only 260 ATMs per 1 million residents in Poland, while in the "old" European Union countries that rate is 700. The Czech Republic, Slovakia, Hungary and Bulgaria are also ahead of Poland in this respect.
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