Unicaja and Fiserv Sign a Strategic Payments Agreement

Unicaja, one of the leading banks in Spain, and Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, today announced a strategic agreement which will, subject to regulatory approvals being secured, see them work together to develop advanced solutions in payments and e-commerce, integrating omnichannel capabilities with the highest standards of speed, security, and convenience, in response to growing market demand in Spain from merchants of all sizes and in all verticals.

This agreement will allow for the combination of Unicaja’s financial strength with Fiserv’s innovative capabilities, and represents Fiserv’s first such opportunity in Spain. 

Both companies will work together to create new tools that enhance the omnichannel processing of all payment methods, including POS systems, e-commerce solutions and multi-currency sales, optimising development times to offer enhanced customer experience.

Tailored value proposition and offer specialisation

This agreement will offer Unicaja customers a value proposition tailored for their vertical, which includes a specialised offering which improves the experience for merchants, and adapts to an environment where financial digitalisation is key, with the highest standards of security and protection against fraud. 

“This initiative represents a decisive step in our strategy to enhance our service to businesses and self-employed individuals,” said Unicaja’s CEO, Isidro Rubiales, adding that Unicaja “prioritises generating added value and adapting its range of products and services to meet our clients’ needs. With this alliance, we are not only innovating in technology, but also improving our customers’ experience through solutions that optimise and simplify our payment services.” 

“We are delighted to partner with Unicaja in an initiative that we believe can transform the local merchant acquiring market, while creating long-term value for Unicaja’s commercial banking relationships,” said Katia Karpova, EVP and Head of EMEA at Fiserv. “The combination of Unicaja’s reputation in the marketplace and our innovative position at the intersection of merchants and financial institutions will allow merchants in Spain to offer a world class experience to their clients.”