Polish Security Printing Works

What Polish Security Printing Works does

Polska Wytwórnia Papierów Wartościowych S.A. (PWPW), operating under the trade name Polish Security Printing Works, is a State Treasury-owned joint-stock company headquartered in Warsaw, Poland, founded on 25 January 1919. The company is one of Europe's most established security printers, producing banknotes (including the Polish 500 złoty series 'Great Poles' and the 'Polish Sovereigns' series), passports, ID cards, driver's licenses, vehicle registration documents, excise bands, postage stamps, visas, and security paper for the National Bank of Poland, Polish government ministries, and central banks and governments in approximately 50 countries. Core production technology spans steel intaglio, typo-offset, screen printing, typography, flexography, and polycarbonate card production with laser personalization, all backed by an in-house banknote and security paper mill.

The company has expanded beyond physical security printing into a digital identity stack, including PKI infrastructure, qualified electronic signatures (Sigillum/CUZ Sigillum, integrated into the government's mObywatel application), electronic delivery services (eDO Post), digital tachograph systems (first-in-Europe G2v2 approval from Kraftfahrt-Bundesamt), and the eDO App for remote biometric identity verification. The SmartApp-MRTD application is Common Criteria ISO 15408 certified at the highest security level, embedded in Infineon microprocessors and supported by security certification work with Thales.

PWPW generates revenue primarily through direct sales to government institutions and central banks via public procurement tenders and dedicated sales departments (Export, Secured Printing, e-Legitimations, IT Systems), with an enterprise field sales motion domestically and an export office serving international markets. Revenue streams include one-time hardware/license sales for secure documents, banknote production, security paper, and commercial cards, plus recurring subscription revenue from IT solutions and trust services (PKI, Sigillum, eDO), and professional services revenue from the Training and Expertise Centre. With 1,001-5,000 employees, the State Treasury as parent, and ECB accreditation plus EU 'secret' and Polish 'strictly confidential' industrial security clearances, PWPW operates as a strategic sovereign-adjacent enterprise rather than a competitive commercial printer.

Name

Polish Security Printing Works

Legal name

Polska Wytwórnia Papierów Wartościowych S.A.

Website

https://pwpw.pl

Company type

Private

Founded year

1919

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Polish Security Printing Works (PWPW S.A.) is a Polish state-owned security printer producing banknotes, passports, ID cards, and secure documents for the National Bank of Poland, government ministries, and central banks in roughly 50 countries, with an expanding digital identity and electronic signature portfolio.

Ownership category

akta.pro rank

Product category

Security Printing and Secure Document Manufacturing

NAICS

Converted Paper Product Manufacturing (3222), Commercial Screen Printing (323113)

SIC

Commercial Printing (2750), Converted Paper & Paperboard Prods (No Contaners/Boxes) (2670)

akta.pro primary industry

Security, Tamper-Evident & Track-and-Trace Printing (IMALAKAJ)

Keywords

• Security printing services
• Banknote production
• Identity document manufacturing
• Security paper production
• Electronic signature services

Headquarters

HQ city

Warsaw

HQ country

Poland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Secure Document Production: Production of passports, ID cards, driver's licenses, vehicle registration documents, residence permits, and other identification documents for government institutions. Revenue from long-term government contracts.
2. Banknote Production: Production of banknotes for Narodowy Bank Polski (National Bank of Poland) and central banks of other countries. Includes proprietary banknote paper production.
3. Secured Printing: Production of excise bands, postage stamps, visas, labels, and other secured prints for government and institutional clients.
4. Plastic Cards: Commercial cards including payment cards, city cards, employee ID cards, access cards, loyalty cards, and membership cards with personalization services.
5. Security Paper: Production of banknote paper, passport paper, visa paper, and excise paper with security features.
6. IT Solutions and Trust Services: PKI infrastructure, digital tachograph systems, electronic signature services (Sigillum), eDO App, and document management solutions.
7. Training and Expertise Services: Training programs for document authentication and identification, expert evaluations, and professional development for law enforcement and government agencies.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Polish Security Printing Works (PWPW S.A.) is the national Polish manufacturer of banknotes, identity documents, and security paper for the National Bank of Poland and government institutions. The company produces passports, ID cards, driver's licenses, vehicle registration documents, excise bands, postage stamps, visas, commercial plastic cards, and security paper, and also operates IT solutions including PKI infrastructure, electronic signatures (Sigillum), biometric identity verification (eDO App), and digital tachograph systems.

Differentiator

Problem solved

Functional benefit

Brands

• eDO App: Mobile application for remote identity confirmation using electronic ID documents and biometric verification.
• eDO Post
• Sigillum
• Id Issuer
• Info-Car
• PWPWTrace
• SmartApp

Products and services

• Banknotes Production of banknotes for Narodowy Bank Polski (National Bank of Poland) and central banks of other countries, using in-house produced banknote paper with watermarks, security features, and proprietary printing techniques including steel intaglio.
• Passports and Travel Documents Production of biometric passports and travel documents for the Polish government and international government clients, incorporating polycarbonate data pages, laser personalization, and electronic chip layers.
• Card Identity Documents (ID cards, driver's licenses, vehicle registration, residence permits) Production of state-issued card-format identity documents for Polish government ministries, including ID cards, driver's licenses, vehicle registration documents, and residence permits, with polycarbonate construction, laser personalization, and electronic layers where required.
• Secured Prints (Excise Bands, Postage Stamps, Visas, Labels, Permits) Production of secured printed materials including excise bands, postage stamps, visas, labels, vehicle permits, diplomas, certificates, and vouchers printed on special paper using advanced printing techniques for government and institutional clients.
• Commercial Plastic Cards Production of commercial plastic cards including payment cards, city cards, employee ID cards, access cards, loyalty cards, and membership cards, with associated personalization services for enterprises.
• Security Paper Production of security paper including banknote paper, passport paper, visa paper, and excise paper with watermarks and embedded security features, produced in PWPW's proprietary paper mill.
• IT Systems and Solutions (PKI, SmartApp-MRTD, Id Issuer) IT solutions including PKI infrastructure, the Common Criteria-certified SmartApp-MRTD application for electronic document verification, the Id Issuer registration system for tobacco product trade in Poland, data processing, and systems integration for government and enterprise clients.
• eDO App (Remote Identity Verification) Mobile application providing remote identity confirmation using electronic ID documents and biometric verification, combining NFC chip reading with 3D facial scanning, used by banks and online service providers for customer onboarding and authentication.
• eDO Post (Electronic Delivery) Electronic delivery service (e-Doręczenia) providing qualified electronic dispatch and receipt of official documents in compliance with Polish and EU trust service regulations.
• CUZ Sigillum (Qualified Electronic Signature) Qualified electronic signature service (Centrum Usług Zaufania Sigillum) providing qualified certificates for electronic signatures and seals, integrated with the mObywatel government application and used for legally binding digital document signing.
• Digital Tachograph Cards (G2v2) and Driver Services Second-generation G2v2 smart tachograph cards and personalization systems, plus the Info-Car and Info-Kierowca online service portals providing driver information about driving licenses, vehicle registrations, and tachograph card management for drivers and fleet operators.
• Training and Expertise Services Training programs for document authentication and identification, expert evaluations, and professional development services for law enforcement, border guard, and government agencies, including the quarterly journal Człowiek i Dokumenty.

Quantifiable outcome

• Supplied to nearly 50 countries worldwide over 20 years
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability4 records

Feature8 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Ministry of Digital Affairs (Ministerstwo Cyfryzacji)coreStrategic or Co-development Partner · 24 October 2025Collaboration on EUDI Wallet (European Digital Identity Wallet) implementation under eIDAS 2.0 regulation. PWPW provides qualified electronic signature certificates through Sigillum platform integrated into mObywatel application.
• TZF Polfa S.A.coreStrategic or Co-development Partner · 4 July 2023PLN 143 million land transaction for purchase of Tarchomin plot. For TZF Polfa, sale enables construction of oncology drug factory. For PWPW, acquisition supports long-term strategic expansion plans. Transaction represents significant state-owned enterprise cooperation.
• Asseco Data SystemscoreTechnology or IntegrationPartnership within digital identity ecosystem, cooperating with Ministry of Digital Affairs on eIDAS 2.0 compliant solutions for qualified electronic signatures in mObywatel.
• Enigma Systemy Ochrony InformacjicoreTechnology or IntegrationPartnership within digital identity ecosystem, cooperating with Ministry of Digital Affairs on eIDAS 2.0 compliant solutions for qualified electronic signatures in mObywatel.
• KIR (Krajowa Izba Rozliczeniowa)coreTechnology or IntegrationPartnership within digital identity ecosystem, providing qualified validation services integrated with mObywatel application.
• Poczta Polska (Polish Post)minorStrategic or Co-development PartnerCollaboration on WOŚP charity postage stamps. PWPW produces special edition stamps including unique new prints with NFT versions for auction.
• ID4AfricaminorStrategic or Co-development PartnerNGO promoting digital identity systems in Africa. PWPW participates as exhibitor at annual conference to present solutions for personal document and passport production.
• Currency ConferenceminorStrategic or Co-development PartnerBiennial international conference on currency policy and production. PWPW presents security features and innovations in banknote production.
• Wyższa Szkoła Straży Granicznej (Border Guard Academy)minorStrategic or Co-development PartnerEducational partnership providing specialized lectures on document verification and border control for future border guard officers.
• Norwegian ID-CenterminorStrategic or Co-development PartnerEU co-financed project partner on document security and control, including tactical control, with Komenda Stołeczna Policji.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/pwpw_sa
• Facebookfacebook.com/PolskaWytworniaPapierowWartosciowychSA
• LinkedInlinkedin.com/company/pwpw-s-a-

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Polish Security Printing Works