Bawag P.S.K. chooses SIA to manage payment cards in Austria

By Leandra Monteiro

BAWAG P.S.K., one of the largest banks in Austria with 2.3 million customers, has selected SIA, a European hi-tech company in payment services and infrastructures, controlled by CDP Equity, as the technology partner for the management and processing of the credit and prepaid cards portfolio issued by BAWAG P.S.K., Easybank and PayLife.

SIA is extending its partnership with BAWAG which can focus on its core business whilst benefiting from IT synergies with the easy integration, standardization and interoperability guaranteed by SIA’s technology infrastructure. SIA will continue to offer various advanced services for the bank’s card products evolution enabling BAWAG P.S.K. to extend its footprint in the digital ecosystem.

“As a longtime partner of BAWAG, we are particularly proud of the extension of our successful collaboration for the management and processing of its payment cards portfolio, representing a considerable portion of the Austrian market. It confirms SIA’s role in Europe as the preferred technology partner supporting banking and financial communities in the constantly growing challenges of the digital payments business, thanks to our significant expertise and commitment to the development of innovative solutions in the sector,” stated Cristina Astore, Northwest Europe and DACH Region Sales Director of SIA.