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Rzeczpospolita on Cinkciarz.pl: To be like Western Union

“Every year the Poles working abroad send 17 billion PLN to Poland. - We are applying for a national payment institution title, and after obtaining it - to offer money transfers from abroad- says Piotr Kiciński, the Vice-Chairman of the Board of Cinkciarz.pl”.

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The article by Piotr Mazurkiewicz appeared in today’s “Rzeczpospolita”.

“Since the moment of joining the European Union 2 million Poles have decided to move abroad for economical reasons. Some of them still financially support their families and want to send money to Poland as quickly and as conveniently as possible.

A niche in the market was spotted by the largest online currency exchange office in Poland, Cinkciarz.pl. The company had previously been focusing on Poles searching for the most competitive currency rates when going aboard or repaying foreign loans in the euro or franc. This part of the market in Poland, of which Cinkciarz.pl is the leader, was worth 25 billion zloty in 2014. Now, the company is planning to enter the area of the remittances.”

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