SIBS SGPS, SA
SIBS
Founded in 1983, SIBS provides fast, seamless and secure payment services to more than 300 million users, in three different Continents.
ID: 138306248553-21
Lobbying Activity
Meeting with Eric Ducoulombier (Acting Director Financial Stability, Financial Services and Capital Markets Union) and EPI Company and Bizum
6 Nov 2025 · Interoperability of payment solutions of EPI and members of EuroPA alliance
Meeting with Fernando Navarrete Rojas (Member of the European Parliament, Rapporteur)
27 Jun 2025 · Euro Digital
Meeting with Eric Ducoulombier (Acting Director Financial Stability, Financial Services and Capital Markets Union)
23 Apr 2025 · Exchange of views on the Digital Euro and on the enforcement of the Interchange Fees Regulation
Meeting with Thomas Woolfson (Cabinet of Executive Vice-President Teresa Ribera Rodríguez)
18 Feb 2025 · Presentation of SIBS, discussion on competition in the retail payments market, important market developments, strategic autonomy on payments, enforcement of the Interchange Fee Regulation and the enforcement of the Digital Markets Act.
Meeting with Nicolo Brignoli (Cabinet of Commissioner Valdis Dombrovskis)
17 Feb 2025 · Digital euro
Meeting with Sérgio Gonçalves (Member of the European Parliament)
1 Oct 2024 · Priorities for this mandate
Meeting with Maria-Manuel Leitão-Marques (Member of the European Parliament)
15 Nov 2023 · A digital euro beyond impulse – Think twice, act once
Response to Open finance framework
1 Nov 2023
SIBS welcomes the current draft proposal for a Financial Data Access regime in the context of a wider Data Economy and is committed to contribute to the success of its implementation. A data economy where consumers are the real owners of their data could empower them to use relevant information for obtaining better products and convenience. The current proposal for a financial data access framework, under the horizontal Data Act regime, could then facilitate the data sharing, always driven by user permission, and the development of innovative products and competition in the market. A balanced framework for data sharing with robust safeguards and a cost-effective approach is fundamental to ensure strong incentives and provide opportunities for innovation in the financial space. The proposed framework for data sharing intends to address a few shortcomings of the open banking, namely by encouraging robust data sharing schemes to be developed by the market, based on contractual relationships, transparent rights, and obligations, as well as adequate and reasonable incentives for all parties, which is welcome. Please, find in attached, our full set of comments. About SIBS: SIBS is a European technology company offering payment solutions since 1983. SIBS Groups portfolio includes: card and account payment processing services; ATM and POS Network Management services; MULTIBANCO payment and banking services that currently offer +90 different features (e.g. bill payments, payments to government, transport system payments, toll payments, etc); a mobile payment app that offers the first interbank solution for shopping, instant transfers and remote withdrawals (MB WAY); payment solutions for merchants including a gateway for online payments (SIBS Gateway); an open banking API platform (SIBS API Market); fraud monitoring and prevention services operating real time; security and digital certification company (eIDAS). SIBS Group is present in Portugal, Romania and Poland and provides services in more than 25 countries. SIBS has been playing an active role in Open Banking as the provider of an API marketplace that offers third party providers a single point of integration and contact for a wide range of data providers/data holders, based on a standardized API (Berlin Group) and processes, which embodies the spirit of efficient data sharing. SIBS is an active member of the SEPA Payment Access Scheme Multi-Stakeholder Group (under European Payments Council and European Retail Payments Board) since its creation with the objective of building a scheme to enable premium payment services beyond PSD2.
Read full responseResponse to Payment services – revision of EU rules (Directive)
1 Nov 2023
SIBS welcomes the opportunity to provide feedback and contribute to the European Commissions legislative proposal for a Directive on payment services and electronic money services (PSD3), which is part of the package to review the current legal framework (PSD2). We welcome one of conclusions of the PS2 review which sustains that, to minimize the different degrees of implementation and interpretation of the rules across Member States as well as to avoid a certain degree of forum shopping, it was prudent to split the framework into a directive and a regulation. This acknowledgement is an essential milestone as the Commission decided to correct a situation that had led to competitive (dis)advantage in the market for certain companies. We would call on the co-legislators to ensure that this move is not undermined by adding further layers of legislation and complexity in the form of secondary legislation and supervisory guidance at Level 2 and 3, namely by ensuring that the Regulation sets out clear outcomes and objectives for PSPs to meet. The same reasoning also applies when it comes to establishing feasible and obtainable timelines for the industry to implement regulatory technical standards. In the current draft proposals, most RTS mandates leave only a 6-month window for the industry to implement them. Based on the recent experience with PSD2 implementation, co-legislators should preserve and guarantee legal certainty for the consumers and market players by ensuring that the final texts have a concrete set of attainable timelines for the industry to implement. Please, find our full set of comments, in attached. About SIBS: SIBS is a European technology company offering payment solutions since 1983. SIBS Groups portfolio includes: card and account payment processing services; ATM and POS Network Management services; MULTIBANCO payment and banking services that currently offer +90 different features (e.g. bill payments, payments to government, transport system payments, toll payments, etc); a mobile payment app that offers the first interbank solution for shopping, instant transfers and remote withdrawals (MB WAY); payment solutions for merchants including a gateway for online payments (SIBS Gateway); an open banking API platform (SIBS API Market); fraud monitoring and prevention services operating real time; security and digital certification company (eIDAS). SIBS Group is present in Portugal, Romania and Poland and provides services in more than 25 countries. SIBS has developed the MB WAY payment solution with +5 million users in Portugal. The interbank solution provides a comprehensive and diverse number of user journeys: P2P money transfer (launched in 2015); shopping in store with QR-code or NFC, online shopping with mobile phone number as a proxy or virtual card generated in the app; remote cardless money withdrawals with a code generated in the app; subscription management for recurring payments, among others. SIBS also provides clearing and settlement services in Portugal compliant with SEPA EPC schemes (SEPA Inst, SEPA CT, SEPA DD core and B2B).
Read full responseResponse to Payment services – revision of EU rules (new Regulation)
1 Nov 2023
SIBS welcomes the opportunity to provide feedback and contribute to the European Commissions legislative proposal for a Regulation on payment services (PSR), which is part of the package to review the current legal framework (PSD2). Article 58 of the draft regulation introduces a new liability framework for technical services providers and operators of payment schemes specifying that they shall be liable for any financial damage caused to the payee, to the payment service provider of the payee or of the payer for their failure, within the remit of their contractual relationship. This article would shift some of the financial risk that is typically within the payment service providers remit to technical service providers and operators of payment schemes, which typically dont contemplate such risks in their operations. To be more concrete, in the case of technical service providers, they do not have a direct contractual relationship with end users (payees or beneficiaries) but with the PSPs for which they offer their technical services. It is the PSP that manages the financial risk, which is embedded in the pricing of the financial products to its end-users and through specific insurance products. If such a framework would be implemented, technical service providers, such as Fintechs or payment processors, would suddenly become exposed to unlimited liability, which would have a direct impact in their business models and lead to increased costs that ultimately would be passed on to consumers. This could have a knock-on effect on the availability of such services in the market and potentially lead to a concentration of these type of services in bigger players with more market power to negotiate and carry the financial risk. Article 87 on Outsourcing agreements seems to duplicate what already exists with the DORA and PISA framework as well as with the EBA Guidelines on outsourcing. Its addition to the PSR gives room to some uncertainty regarding its desired objectives when a legal framework is already in place. It should therefore be removed to avoid any potential misinterpretation in its application. Article 89 (1) mandates the EBA to develop a set of regulatory technical standards and amongst them, there is a mandate regarding the exemptions from the application of strong customer authentication for payment transactions, based on transaction risk analysis. We believe this article to be of particular concern as it establishes a mandate for a supervisory authority to specify analytical models that should be in constant evolution and should be based on AI and machine-learning algorithms to effectively adjust and combat ever-evolving fraud. A concrete set of legal binding rules of this character would become a roadmap for fraudsters to exploit. We would highlight that in recent years, authenticated fraud has been on the rise, in comparison with non-authenticated fraud, due to the existence of a concrete set of rules specified in law for fraudsters to take advantage of TRA. Please, find further comments, in attached. About SIBS: SIBS is a European technology company offering payment solutions since 1983. SIBS Groups portfolio includes: card and account payment processing services; ATM and POS Network Management services; MULTIBANCO payment and banking services that currently offer +90 different features (e.g. bill payments, payments to government, transport system payments, toll payments, etc); a mobile payment app that offers the first interbank solution for shopping, instant transfers and remote withdrawals (MB WAY); payment solutions for merchants including a gateway for online payments (SIBS Gateway); an open banking API platform (SIBS API Market); fraud monitoring and prevention services operating real time; security and digital certification company (eIDAS). SIBS Group is present in Portugal, Romania and Poland and provides services in more than 25 countries.
Read full responseResponse to Establishing the digital euro
8 Sept 2023
SIBS welcomes the opportunity to provide feedback and contribute to the European Commissions legislative proposal establishing the legal framework for a possible digital euro. This proposal is an important milestone in the design of what a possible digital euro could be while steering the discussion on the main elements with the involvement of all the relevant actors in the political process. As a general remark, the proposed legislation should contemplate a phased approach to the issuance of a digital euro, to ensure a balance between the benefits to society and the required investments, as well as to safeguard any potential unintended consequences. Specific milestones should be defined to be achieved as a pre-condition for a final decision by the ECB to issue a digital euro, including but not limited to thorough impact assessment and cost / benefit analysis. Please find enclosed SIBS detailed comments on the proposal. SIBS is looking forward to a constructive public discussion with the relevant stakeholders and to collaborate with the Council and the European Parliament to a legislative framework that would set the ground for a successful digital euro to the consumers and all market participants. About SIBS: SIBS is an European technology company offering payment solutions since 1983. SIBS Groups portfolio includes: card and account payment processing services; ATM and POS Network Management services; MULTIBANCO payment and banking services that currently offer +90 different features (e.g. bill payments, payments to government, transport system payments, toll payments, etc); a mobile payment app that offers the first interbank solution for shopping, instant transfers and remote withdrawals (MB WAY); payment solutions for merchants including a gateway for online payments (SIBS Gateway); an open banking API platform (SIBS API Market); fraud monitoring and prevention services operating real time; security and digital certification company (eIDAS). SIBS Group is present in Portugal, Romania and Poland and provides services in more than 25 countries. SIBS has developed the MB WAY payment solution with +5 million users in Portugal. The interbank solution provides a comprehensive and diverse number of user journeys: P2P money transfer (launched in 2015); shopping in store with QR-code or NFC, online shopping with mobile phone number as a proxy or virtual card generated in the app; remote cardless money withdrawals with a code generated in the app; subscription management for recurring payments, among others. SIBS also provides clearing and settlement services in Portugal compliant with SEPA EPC schemes (SEPA Inst, SEPA CT, SEPA DD core and B2B).
Read full responseMeeting with Simon Genevaz (Cabinet of Executive Vice-President Margrethe Vestager), Werner Stengg (Cabinet of Executive Vice-President Margrethe Vestager)
31 Jan 2023 · Competition law and digital issues.