Fiserv, Inc. (NYSE: FI), a prominent global provider of technology for payments and financial services, revealed that it has acquired Pinch Payments, a payment facilitator (PayFac) recognized for its leading PayFac enablement and the management platform “Glassbox”. This acquisition gives Fiserv a payment orchestration system that offers adaptable service choices and rapid market entry for PayFacs, ISVs, BPSPs, ISOs, and Enterprises. Integrating Pinch into the Fiserv ecosystem expands the Company’s reach by providing access to additional merchants and offering new, innovative solutions, including the premier cloud-based SaaS business operating platform Clover, to merchants across APAC.
“This acquisition further demonstrates Fiserv’s commitment to the local payments market, following our recent launch of Clover in Australia,” said Gavin Jones, Head of Fiserv Australia. “By integrating our leading digital payments solutions with Pinch’s innovative technology and local expertise, we are able to deliver innovative payment solutions to empower merchants across the APAC region. We welcome the Pinch associates to the Fiserv family and are committed to seamless integration of services for our customers.”
“Joining Fiserv is an incredible opportunity for the Pinch team and furthers our mission to provide seamless partner experiences to a growing number of merchants,” said Paul Allen, Co-Founder and CEO at Pinch Payments. “Having worked closely with the Fiserv team, I am confident in our roadmap to expand into new markets.”
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