Wirecard Romania has more than 25 years of experience in offering payment services and necessary technology solutions for all major banks in Romania, also serving banks in Moldova. The subsidiary Romcard has a leading position within the Romanian payments market. The further subsidiary Supercard Solutions & Services has a leading market share in the merchant value add services market including loyalty systems and end to end marketing capabilities. The companies historically operated standalone from the parent group and continue operations without disruption and with a strong operational standing, the insolvency administrator said in a press release.
SIBS is a full fledge payment service provider, with a leading position in Portugal and a significant footprint in high growth countries in Europe and Africa. With this acquisition SIBS expands into the Romanian market, further expanding its scale and relevance in Eastern Europe.
“These are companies that share SIBS DNA. SIBS is a leading payment player that enhances payment solutions, serving more than 300 million users across more than 10 markets. Running these operations, we will as a group continue to provide the most convenient, secure and innovative solutions to the Romanian market,” said SIBS Group CEO Madalena Tome.
Wirecard Romania ended 2019 with a net profit of RON18.5 million, nine times higher than in 2018, according to finance ministry data. The company had a turnover of RON43.4 million, 30% higher than in 2018.