Since 2010, SIBS has had a long-term partnership with the local interbank processor, the Central Bank of Nigeria and the local banking community to support the Nigerian payments industry transformation project known as “Cashless Nigeria”.

The implementation of the new payment system in Nigeria included a global terminal management system for ATM and POS networks, an internet payment gateway, a business & technical monitoring solution and a countrywide fraud prevention and detection system.

In addition, SIBS has been consulting with the Central Bank on matters such as anti-fraud policies and revision of standard cheques.

SIBS has a local office and a subsidiary in Lagos since 2010.