Euronet joins ComputerLand and BRE in e-comm venture

Euronet, the pan-European cash machine leader, has joined eCard, a company created by ComputerLand and Bank Rozwoju Eksportu (BRE) to conduct internet banking transactions. eCard was created last March for zl. 4 million and is meant to provide e-commerce services such as online consulting and authorization of internet credit card transactions. The capital of the company has now been raised to zl. 5.6 million since Euronet became a new shareholder. The president of the company Grzegorz Lindberg was formerly associated with Agora, the Super Express daily tabloid and Business Press publishing house. The company will start operating in the second half of this year and will target companies. It is an important initiative, as the question of online payments may well be the most important problem for the nascent Polish e-commerce industry said DI BRE telecommunications sector analyst Michal Sztabler. Following the recent changes ComputerLand now holds a 42.8% stake in eCard. (Gazeta Wyborcza, May 6-7, page 32) P.S.