April 15 (SeeNews) - Portuguese payment services group SIBS said on Thursday it has appointed Hugo Araujo its new CEO at SIBS Romania as of April 7.
Under the new leadership, the company plans to continue to develop its existing payment services portfolio, but also to invest in creating and implementing new digital solutions, it said in a press release.
Araujo has a 20-year experience on the payments market and was previously SIBS International general manager.
In September, SIBS acquired Bucharest-based Wirecard Romania, Romcard and Supercard Solutions & Services for an undisclosed sum, aiming to expands its presence in Eastern Europe.
Wirecard Romania, Romcard and Supercard were part of Wirecard Sales International Holding GmbH, which became insolvent in June after its CEO, COO, two board members, and other executives were arrested or indicted for financial fraud.
Lisbon-headquartered SIBS Group is a payment service provider with a leading position in Portugal and a footprint significant in developed countries in Europe and Africa. The group offers a wide range of digital and e-commerce, solutions for ATM and POS networks, as well as card production and personalization services.