Paysafe, a leading payments platform, has announced an expansion of its long-term partnership with Fiserv, Inc., a global leader in payments and financial services technology. This strengthened collaboration aims to deliver increased value to customers, particularly small and medium-sized businesses (SMBs), through several strategic initiatives.
One of the primary initiatives is the integration of Fiserv’s Clover Capital solution. This integration will provide SMBs with enhanced access to capital, facilitating business growth and scalability. In addition, Paysafe plans to utilize Fiserv’s Data-as-a-Service solution to bolster risk and fraud protection, reinforcing security and fostering trust among both consumers and merchants.
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In the United States, the partnership is set to introduce a digital wallet within Fiserv’s Clover merchant ecosystem. This innovative wallet solution will allow businesses to benefit from quicker settlements and access a comprehensive range of banking services, thereby improving the customer experience. The launch of this digital wallet marks a significant step forward in Paysafe’s business wallet platform strategy, aiming for financial efficiency and scalability.
“These strategic initiatives reflect the strength and momentum of our partnership with Fiserv,” said Bruce Lowthers, CEO of Paysafe. “Together, we are creating innovative, growth-oriented solutions that unlock new opportunities for SMBs while accelerating our product expansion strategies.”
“Our expanded collaboration with Paysafe reflects our shared commitment to empowering small and mid-sized businesses with the tools they need to thrive in today’s digital economy,” said Jennifer LaClair, Head of Merchant Solutions at Fiserv.
Paysafe and Fiserv are committed to building on their robust partnership, delivering innovative solutions that drive value across the payments ecosystem.