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Fiserv Acquires Pinch Payments, Enhancing Payment Service Offerings for Business Partners Across the Asia-Pacific Region
Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, today announced it acquired Pinch Payments, a payment facilitator (PayFac), known for leading PayFac enablement and its management platform “Glassbox”.
Founded in 2017 and serving approximately 2,000 merchants throughout Australia and New Zealand, Pinch offers comprehensive tools to facilitate payments more efficiently at scale. This acquisition provides Fiserv with a payment orchestration platform that supports flexible service options and speed to market for PayFacs, ISVs, BPSPs, ISOs and Enterprises. Bringing Pinch into the Fiserv ecosystem enhances the Company’s reach with access to more merchants and delivery of new, innovative solutions including the leading cloud-based SaaS business operating platform with Clover to merchants throughout 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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