Discusses the most common methods of payment, such as open account, letter of credit, cash in advance, documentary collections, factoring, etc. Includes credit-rating and collection agencies in this country. Includes primary credit or charge cards used in this country.
The following rating agencies maintain offices in Poland: Fitch Polska S.A.; EuroRating Sp. z o.o.; INC Rating Sp.z o.o.; SPMW Rating Sp. Z o.o.; Moody’s Investors Service Limited, Polish Branch; Standard & Poor, Representative Office. The first three agencies appear on the European Securities and Markets Authority (ESMA) list of registered and certified credit rating agencies. Until late 2018 there were four such agencies, however, SPMW Rating Sp. Z o.o . de-registered in October 2018.
There are dozens of collection agencies in Poland. The major ones are listed in the Warsaw Business Journal's Book of Lists.
Payment cards are commonly used with debit cards constituting the majority. Both ATMs and commercial entities accept popular credit cards (VISA, MasterCard, Diner's Club and American Express) and payment cards (VISA Electron and Maestro). Poland is one of the strongest markets in Europe in mobile-payment technologies and leads in the number of contactless transactions. Some 90% of all cards issued in Poland are contactless enabled.