Poczta Polska set to increase financial services

The company already offers insurance and pension fund deals. The Postal Agency for Financial Services (PAUF), owned by PP and Cardif, has now signed a contract with Cetelem, a credit intermediary. "Credit cards offered in cooperation with PAUF are targeted at the least wealthy Poles. Their monthly credit limit stands at zł. 1,000 - zł. 2,000, although it sometimes does not even exceed zł. 500," stated Łukasz Gębski, the director for cooperation with banks in Cetelem. He added that the cards, named Aurora, are accepted in 6,000 shopping centers across the country. So far, Cetelem, in cooperation with different banks, has issued 280,000 credit cards. "If PAUF develops this market, then in relation to the huge number of credit cards sold, we will then be able to replace Citibank as market leader," added Gębski. (Puls Biznesu, p. 8) A.K.