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Sibs to launch payments system in São Tomé and Príncipe

Source: Sibs

SIBS actively pursues its contribution to payments digitization on a global scale with the development and operationalization of a new payments platform in the African continent, supporting the national payment system of São Tomé and Príncipe.

The platform will be managed by the national interbank company (SPAUT), with the support of the country’s Central Bank. As a leader in electronic payments, SIBS will contribute with the platform’s technological capacity and know-how, increased levels of performance, resilience and security, and accelerate innovation and digitization in the market.

SIBS was selected to develop and advance São Tome’s payment system by the country’s Central Bank and SPAUT. The company’s platform currently allows interbank and omnichannel processing in an integrated and multi-payment system, processing all operations carried out in local ATMs and Point of Sale (POS) terminals in the country. This guarantees the connection and processing of international systems, such as Visa and Mastercard, in addition to processing the domestic payment system, Dobra24. SIBS is also set to take on a decisive role in issuing and personalizing bank cards in the market.

SIBS platform will allow the introduction of new payment services such as mobile phone top up, payment of taxes and payment for services, in particular water and electricity bills, which are expected to be an important factor in the modernization and digitalization of the country. The system will continue to support the main features available at Rede Dobra24’s ATMs (withdrawals, PIN changes, balance inquiries, NIB inquiries, account movements and transfers).  

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