SIBS buys Romanian subsidiary of bankrupt Wirecard – Markets

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SIBS has taken another step on the road to international expansion. After entering Poland in 2018, it is now Romania’s turn. The Multibanco network manager won the race to purchase the Romcard / Supercard technology. The company has existed for 25 years, but since 2017 it belonged to the German fintech Wirecard, which went bankrupt in June after a financial scandal that uncovered a two billion “hole”

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