Romanian subsidiaries of Wirecard Sales International sold to SIBS

SIBS has just taken another step in consolidating internationalization strategy with the acquisition of a leading company in the processing of card transactions in Romania – Romcard / Supercard (ex-Wirecard Romania). With this operation, which succeeds the acquisition of Paytel, Poland, in 2018, SIBS consolidates a relevant position in the two largest Central and Eastern European markets, contributing Portuguese technology for the development and digitalization of these markets. SIBS ‘internationalization strategy reaches a new milestone with the acquisition of Romcard / Supercard (ex-Wirecard Romania), a company with more than 25 years of industry experience.

With a wide range of services and products, including digital and e-commerce solutions for merchants, production and personalization bank cards and loyalty programs, the company serves the main Banks and retailers present in Romania and other markets in the region, such as Moldova, Serbia, Hungary, Kosovo, Montenegro, Macedonia and Lithuania. Romcard / Supercard starts to operate under the SIBS brand and the synergies that this operation should create will contribute to strengthening the position of the Portuguese brand in the market European payments system.

“SIBS started to develop its internationalization project more consistent for over 10 years. Now we are strengthening our presence in Central Europe and East. With this presence in Romania, the 7th largest European market, and with a accelerated growth trajectory, both in economic terms and in the payments, SIBS opens up a great opportunity to continue to grow and the develop payment solutions on a European scale, standing out among its pairs, ”says Madalena Cascais Tomé, CEO of SIBS.

“Brand recognition Romcard and Supercard, the group’s customer and service portfolio and the potential for growth of the Romanian market, together with SIBS know-how, will certainly result in a hugely successful relationship with high growth potential ”, further stresses. “SIBS is one of the leading European companies in the payments sector, having launched several innovative services and products that demonstrate enormous capacity to grow. It is a great satisfaction to be part of SIBS, in a strategic movement which constitutes a unique opportunity to give a new impetus to the Group and the its ability to respond to the needs of our customers, ”adds Utku Ogrendil, CEO of Romcard / Supercard Group (ex-Wirecard Romania). Thus, SIBS continues to accelerate its international growth, namely in the Central and Eastern Europe, where it has a prominent position in the two largest markets in the region, and also their contribution to the development of payments electronic devices and to promote an increasingly digital and cashless society, both in Portugal as well as in the more than ten markets where it is present.