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Cashless Policy gets boost as SIBS berth in Nigeria


Global payment processing company, SIBS International, has pledged its support and commitment towards the success of the cashless policy initiative in Nigeria.

Speaking at a press conference during the Card, ATM and Mobile Expo (CAME), held in Lagos recently, Mr. Pedro Hipolito, Managing Director of the company, stated that the firm is set to launch an office in Lagos, the country’s commercial capital in order to play a long term proximity role in bringing the cashless policy to fruition.

Hipolito added that the company has been present in Nigeria through a partnership with Nigeria Interbank Settlement System (NIBSS) since 2011, and that moving fully into Nigeria is a sign of its commitment towards assisting the country in achieving a cashless economy.

He said: “We are going to deepen our presence in Nigeria by opening an office here. This move signals our commitment towards supporting Nigeria’s quest for cashless payment system. We will ensure that we have people on the ground to cultivate relationships and meaningful exchange of knowledge and also provide cutting edge technology towards that goal.”

He expressed optimism that with the company’s experience in payment solutions spanning over 30 years, Nigeria will attain a cashless payment system that is efficient, safe, reliable and people friendly. “We are riding on over 30 years’ experience in this business. Indeed, SIBS International has been able to carve a niche for itself as a global leader in payment solutions. Our mandate is to deliver innovative, safe and flexible payment solutions in order to ensure that Nigeria attains the much vaulted cashless economy.” he said.

SIBS International operates in more than ten countries around the world, including Algeria, Angola, Malta, Mozambique, Nigeria, Poland, Spain, Greece, Romania, Portugal among others.


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