COINSTAR MONEY TRANSFER SIGNS AN AGREEMENT WITH POCZTOWY BANK (POSTAL BANK)

Coinstar expands in Poland, one of top 5 recipient countries in the world
(flow money in 2008 $11 billion)
Coinstar Money Transfer Ltd, one of the largest global money transfer companies, part of Coinstar Inc. (NASDAQ: CSTR), announced the agreement with Pocztowy Bank (Postal Bank), the largest banking network in the Poland which is amongst the top 5 recipient countries in the world. Coinstar Money Transfer Ltd with this agreement becomes a key player in the Polish market and a new competitive money transfer service for the Polish Diaspora. At the end of 2009 Coinstar will start a new offer concerning a new competitive money transfer solution in terms of accuracy, technology and automation, speed oriented towards its clients and people receiving money.
Mr. Alfonso Grassopoulos, Regional Director of Coinstar Money Transfer for Italy, Greece, Cyprus, Switzerland and Poland said “This agreement gives us the opportunity to work with a large and experienced organization like the Postal Bank through an extensive nationwide network of 5,400 locations, to provide Coinstar Money Transfer Services to millions of Polish people living and working in Italy, UK, USA and other countries. Poland is among the top 5 recipient countries in the world and the flow money to Poland in 2008 reached $11 billion. There is a significant flow of remittances going to the rural areas of Poland (migration has been principally from rural areas), now finally accessible through this crucial cooperation. Within this unstable financial environment, consumers are even more interested in value for money, reliable and secure services, which Coinstar Money Transfer strategically offers in the most important send markets for Poland and its Diaspora, mainly because of to its direct and aggressive distribution model”.
“We look forward to adding Coinstar Money Transfer to our money transfer product portfolio and offer more convenience to our current and new customers” said Mr. Tomasz Bogus, President of Bank Pocztowy “We are pleased to work with Coinstar Money Transfer in the remittance business. Money Transfer is a very important service in Poland for all the families expecting money from abroad and it is our pleasure and responsibility to offer consumers greater choice, convenience and high quality of service.”
Coinstar Money Transfer Ltd
Coinstar Money Transfer Ltd, part of Coinstar Inc. provides an easy to use, reliable and cost effective way to send money around the world. Our services are specially suited for individuals away from home who need to send money to their family and friends or to manage their personal finances. In June 2006 Coinstar Inc. successfully acquired Travelex Money Transfer (TMT), previously owned by Travelex PLC. Coinstar Money Transfer Ltd (CMT) has become one of the leading money transfer providers, with over 45.000 locations and operates in 150 countries worldwide.
Coinstar Inc. is a NASDAQ listed company based in Seattle, Washington, USA. The company was founded in 1991 and pioneered self-service coin counting machines to provide consumers with convenient and innovative means to convert loose coins into cash. Today Coinstar is a multi-national company offering a range of solutions for retailers including self-service coin counting, electronic payment solutions and entertainment services and Money Transfer services. The company’s products can be found in more than 65,000 retail locations, including supermarkets, drug stores, general retailers and convenience stores in 150 countries worldwide.
For further information about Coinstar Inc. and Coinstar Money Transfer Ltd visit: www.coinstar.com and www.cmtmoney.com.
Bank Pocztowy
Established in 1990 in Bydgoszcz. There are two shareholders of the Bank Code: Post of Poland (Polish Post), that owns 75% of shares (minus one share) and PKO Polish Bank SA (25% plus one share). Both of them are institutions enjoying the public trust having the largest distribution network and access to the most modern banking activities. Uniqueness of the offer of the Postal Bank consists largely in the wide access to the services rendered, found in post offices all over the country. Postal Bank offers a wide range of services, such as Savings and Settlement Accounts, payments and cash withdrawals, deposit accounts or bank loans. They have developed various distribution channels which provide our customers with free access to the accrued resources. The network, consisting of 5,400 posts, is the largest in the country. Postal Bank is a modern universal bank offering customer-friendly and lucid financial services, which are available at the post offices and in the network of the Bank’s branch offices across Poland.
For further information about about Bank Poctzowy Inc. visit www.pocztowy.pl
Curs valutar 30.11.2009
Cursul Zilei
Cursul valutar valabil astazi (30 nov. 2009) a fost stabilit de catre BNR la data de 27 nov 2009.
Vezi lista completa a valutelor!
| Valuta | RON | Variatie |
| EURO (€) | 4.2807 | 0.0074 |
| USD ($) | 2.8691 | 0.0349 |





