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Increase sales with the new Polish zloty (PLN) local account | WorldFirst

Last update: January 24, 2024

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Impressive economic growth, a never-ending thirst for shopping online, and an easy way to pay and get paid in PLN are just three of the reasons why Poland can be the perfect place for your business to land.

With a population of almost 38 million (the fifth largest in the EU) and the largest central European economy, Poland is packed full of opportunities for online retailers. In fact, Poles are happily embracing e-commerce, too. So it’s a no brainer when it comes to expanding your online sales to Poland.

If you’re not doing business with Poland yet, here’s four reasons why you should be…

#1 It’s perhaps the most reliable and successful EU economy

The Polish economy is something we can all admire. After it transitioned from communism, its growth has averaged at 4% every year, which took it from a middle to high-income status in less than 15 years. Not only that, but it was the only country in the EU to avoid a recession during the 2007-2008 economic crisis. In fact, it actually recorded positive growth. So, it’s safe to say that exporting your goods or services to Poland is a stable bet.

#2 E-commerce continues to expand

Did you know that in 2023, almost 50% of the Polish population expected prices to be cheaper online than in traditional brick-and-mortar shops? That means there’s a huge appetite for online shopping in the country. In fact, marketplaces accounted for almost 50% of the e-commerce market share in 2023. At a time when people are looking to tighten their belts, this bargain-savvy audience will be going online more than ever to find good value for their money. So now’s the time to get your business online in Poland.

#3 Consumer trends offer plenty of opportunity

According to PwC, Polish consumers are spending more on food products, health and personal care products and services, and clothing and footwear. So, despite a cost-of-living crisis, there is plenty of demand for a plethora of products.

#4 It’s a hotbed of investment and innovation

The Polish government welcomes foreign business, with tax reliefs for businesses conducting research and development and grants for new projects. This means that if you’re trying to gain traction in the European market, Poland could be a great testing ground and launchpad.

But, as with any expansion plans, being able to do business in the local currency is key to smooth sailing and happy customers. Which is why we’ve launched our PLN local currency account.

If you’re a marketplace seller or exporter, this means you no longer have to go through the headache of setting up an account with a bank in Poland, which will also require you to have a Polish address. Instead, with your World Account, you can simply connect to over 100 global marketplaces or add your PLN currency account in a few clicks without the need for a local address. This makes it far easier to do business with ‘the land of fields’ (the literal translation of ‘Poland’).

How WorldFirst easily connects you to Poland

Broaden your e-commerce reach: Amazon launched in Poland in March 2021 and has made huge investments in its infrastructure in the country. However, Allegro is the most popular e-commerce market in Poland. But you don’t have to choose between the two – you can always list your goods on both websites to maximise your reach. And, with WorldFirst, you can quickly connect your World Account to your Allegro or Amazon account to ensure fast and secure payments.

Improve your cash flow with better control over your exchange rate: With your PLN account within WorldFirst, you can navigate currency complexities without uncertainty, delays, or extra costs. You’ll be able to choose from today’s exchange rate or lock in one you want to wait for. Plus, our conversion rates are much more competitive than what traditional banks can offer.

Your buyers can pay you in their local currency: It’s quick and simple to add a PLN account to your World Account, and doing so gives you all the convenience of a local account without ever stepping foot in Poland. So you can get paid in PLN just as easily as you are in AUD.

Have a World Account already?

Then it’s likely you know how easy it is to set up a new local currency account. Simply:

1. Log in and click on the ‘+ New receiving account’ button

2. Select PLN, select ‘Poland’ as your account location, give your new account a nickname for future reference, click ‘Confirm’ and you’re good to go!

It’s not hard to see why Poland has so much to offer when it comes to launching your business in a new market. In the meantime, if you’d like to learn more about expanding your business internationally, check out our guides here.

Disclaimer: The information contained is general only and largely our views. Before acting on the information you should consider whether it is appropriate for you, in light of your objectives, financial situation or needs. Although information has been obtained from and is based upon multiple sources the author believes to be reliable, we do not guarantee its accuracy and it may be incomplete or condensed. All opinions, estimates, mentioned products/services and referenced material constitute the author’s own judgement as of the date of the briefing and are subject to change without notice. WorldFirst shall not be responsible for any losses or damages arising from your reliance of such information.

Based in Sydney, Jim is responsible for the WorldFirst business across Australia and New Zealand. He brings with him over 25 years of experience helping Business Owners, CFO’s and Treasury Managers overcome the challenges with cross border payments and navigating volatile foreign exchange markets.

Jim Vrondas

Author

Country Manager ANZ at WorldFirst

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Increase sales with the new Polish zloty (PLN) local account | WorldFirst

If you’re not doing business with Poland yet, here’s four reasons why you should be…

#1 It’s perhaps the most reliable and successful EU economy

#2 E-commerce continues to expand

#3 Consumer trends offer plenty of opportunity

#4 It’s a hotbed of investment and innovation

How WorldFirst easily connects you to Poland

Have a World Account already?

Continue reading

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The simpler way to pay and get paid

Multi-currency accounts, competitive FX, and global transfers — Everything you need to pay and get paid internationally

Who We Are >

Named a Top Global Fintech Company by CNBC & Statista, we’ve supported 1.5M+ businesses since 2004.

Increase sales with the new Polish zloty (PLN) local account | WorldFirst

If you’re not doing business with Poland yet, here’s four reasons why you should be…

#1 It’s perhaps the most reliable and successful EU economy

#2 E-commerce continues to expand

#3 Consumer trends offer plenty of opportunity

#4 It’s a hotbed of investment and innovation

How WorldFirst easily connects you to Poland

Have a World Account already?

Continue reading

Westpac business bank account review

The best foreign currency accounts in Australia

CommBank business bank account review: Features, fees & more

Mastercard foreign transaction fees explained

Revolut Business account review: Features, fees & more

How to import products from China to Australia

The simpler way to pay and get paid

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