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Thanks to the agreement signed, SIA becomes the sole shareholder of the company specializing in the processing of payment transactions by international debit and credit cards
In 2011, SiNSYS recorded a value of production of €61.6 million, with an operating margin at €4.2 million and net profits of €2.6 million
The company has a portfolio of 30 million cards, 700,000 merchants, over 1 billion transactions and operates in 12 European countries
SIA has signed an agreement for the acquisition from Atos Worldline of 49% of the share capital of SiNSYS, the Belgian company specializing in the processing of payment transactions by international debit and credit cards.
With this operation, SIA has become the sole shareholder of SiNSYS (it previously owned 51% of the share capital), further consolidating its strategy of growth in the eastern and western European markets, included in the Strategic Plan for the three-year period 2011-2013, through a significant focus on processing services for payment cards.
SiNSYS’ headquarters are in Brussels with branches in Milan and Utrecht and it has around 150 employees. In 2011, the company recorded a value of production of €61.6 million, with an operating margin of €4.2 million and net profits of €2.6 million.
Established in September 2003 as a joint venture in the sector of technology solutions and services for the management of international cards and merchants, SiNSYS is one of the major operators in the industry. Its processing, issuing and acquiring platforms are among the most advanced and, thanks to a single centralized system, they manage significant transaction volumes on behalf of financial institutions based in several European countries.
The company has a portfolio of 30 million cards, 700,000 merchants, over 1 billion transactions and operates in 12 European countries: Austria, Belgium, the Czech Republic, Germany, Great Britain, Holland, Hungary, Italy, Poland, Russia, Slovakia and Ukraine.
At the same time as the agreement that sees SIA owning 100% of SiNSYS, SIA and Atos Worldline have also finalized a long-term contract for the provision through SiNSYS of processing and technology services relating to cards.
This operation completes the reorganization of the SIA Group started in 2010, in line with the Strategic Plan providing for SIA, as the Parent Company, to hold 100% of the six subsidiary companies: the Italian companies Pi4Pay (collection and payment services), RA Computer (solutions and applications for banks, businesses and P.A.), and TSP (systems and services for companies and P.A.), SiNSYS (card processing, issuing and acquiring) in Belgium, Perago (infrastructures for central banks) in South Africa and SIA Central Europe in Hungary.
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