G-Tech unveils its dynamic expansion plan for Polcard

Clearing center Polcard, in cooperation with its new owner American G-Tech, plans to distribute banking products in rural areas, take over management of ATMs, clearing centers and credit card production in Poland and other countries in the region from financial institutions. "About 37% of people live in rural areas and they have almost no access to financial services, as banks find it unprofitable to set up local branches. We had the same problem in Brazil, but G-Tech trained 10,000 shop owners and merchants who now sell basic financial products on behalf of banks. I think that Polcard can do the same here," said G-Tech deputy president Antonio Carlos Rocha. G-Tech plans to discuss the idea with the government, banks and other financial ins titutions on behalf of Polcard, and it believes that Polcard is the best placed to provide outsourced services. Antonio Carlos Rocha thinks that outsourcing might be 20% cheaper for banks. (Puls Biznesu, pp. 1, 7) M.M.