TSYS has been selected as a winner of the 2015 CIPA International Investment Awards.
The award was presented to Managing Director, PRIME Licensing and Group Executive Jaffar Agha-Jaffar by CEO of TFI Markets Loucas Marangos and Chairman of the Cyprus stock Exchange Marios Pilavakis.
A UK-based payments software company called Card Tech Limited, or CTL, established roots in Cyprus in 1989, more than 25 years ago. The company continued to grow and, in 2006, IT was acquired by TSYS, a New York Stock Exchange-listed company and a leading global payments processor. At the time, it was considered one of the largest foreign investments to have taken place on the island. Since then, TSYS has continued to evolve and expand its solutions and services; and grow its local Cyprus team to around 250 team members today.
As a leading global payment solutions provider, supporting financial institutions, businesses and governments with a broad range of issuer- and acquirer-processing technologies, TSYS provides both third party processing services and licensed solutions that enable and support the payment transaction process, helping to move money effectively and securely between buyers and sellers around the world.
Cyprus has proved to be a good location for TSYS, which recently invested in new offices in Nicosia. The country’s supporting infrastructure, and in particular its high level of educated and professionally skilled people with client-facing communication and business skills, project management and IT expertise, is a perfect match for the company’s own people-centered culture.