Itcard
“Can a Polish ATM and payment processing outsourcer become the embedded card-issuing and transaction processing infrastructure layer for European fintechs and banks?”
Founded2008
HQWarsaw, Poland
IndustryInfrastructure / Payments
The story
Founded in 2008 as a payment outsourcing specialist for Polish banks, ITCARD grew into one of Poland's largest processors of ATM and electronic payment transactions. After joining the SIBS Group, it expanded geographically into the Czech Republic and started offering embedded finance infrastructure services to fintechs via ITCARD Lab — providing White Label card issuance, Full BIN Sponsoring, and Cobrand models. This positions ITCARD as both an operator (Planet Cash ATMs, Planet Pay POS) and an infrastructure provider to third-party fintechs seeking card-issuing capabilities.
Product timeline
2008
ITCARD S.A. founded in Warsaw as a payment services outsourcing company for banks and financial institutions.· pivot
2021
ITCARD joined the SIBS Group (Portuguese payment infrastructure group), expanding its European footprint.· acquisition
2023
Mastercard, NCR Atleos, and ITCARD launched a mobile ATM solution together.· banking
2024
ITCARD Lab launched offering White Label, Full BIN Sponsoring, and Cobrand card-issuing models to fintechs.· card
2025
ITCARD managing 7,955 ATMs, 134,120 POS terminals, 2.5 million cards, and 25 million 3DS cards by end of year.· banking
The stack
3 layers disclosed in Itcard’s embedded-finance stack
Payments / PSP
BLIK (self-operated processing)Apple Pay (self-operated processing)Google Pay (self-operated processing)
Card issuing
in the full report
Card network
in the full report
Accounting gap: none
3 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.