RIA Envia expands its payout network in Poland by signing Bank Pocztowy (Post Bank)

Post Bank, the fast-developing bank in Poland, will soon offer consumers the option to receive RIA money transfers from any of its nearly 8,000 payout locations across the country. These locations are a combination of bank branches and post offices. The expansion of RIA’s network will enable more beneficiaries to conveniently access a fast and reliable money transfer service in Poland. Furthermore, the agreement with Post Bank enables RIA customers to send money transfers directly to any bank account or beneficiaries can opt for cash pick-up at any of Post Bank payout locations. Post Bank will begin distributing money transfers for RIA by August of 2007. The opening of the Western European labor markets to Polish workers has fueled growth in money transfers with financial inflows to Poland reaching approximately $8 billion a year in remittances. For example, one of the fastest- growing Polish communities resides in the United Kingdom, where nearly 400,000 work permits have been issued to Polish nationals since May 2004, according to the UK Home Office.