SIBS has signed a definitive agreement to acquire ITCARD, one of the leading payments processing outsourcing companies in Poland, specializing in ATM services under the Planet Cash brand, electronic payment processing services through the Planet Pay terminal network, as well as the issuance and maintenance of VISA and Mastercard cards.

Founded in 2010, ITCARD provides integrated digital payment services on a dedicated platform, under outsourcing and white-label models, demonstrating great flexibility in meeting client needs, mainly financial institutions and merchants.

SIBS will add its extensive experience across the entire payments value chain, including ATM and POS processing, e-commerce solutions, and card issuing and management. This acquisition further strengthens the company’s ability to offer omnichannel digital commerce solutions to financial institutions and merchants in Poland.

Upon completion of the transaction, SIBS will welcome approximately 470 ITCARD employees into the Group and expects to work closely with the current management team, whose contributions will be essential to maintain the company’s tradition of success and excellence in serving its clients. The transaction is still subject to the customary regulatory approvals.