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Yahoo
10-04-2025
- Business
- Yahoo
Fiserv acquires Australian payment facilitator Pinch
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. A week after saying it would launch its Clover point-of-sale service in Australia, the payments giant Fiserv disclosed Monday that it has acquired Australian payment facilitator Pinch Payments. Pinch was founded in 2017 and serves about 2,000 merchants in Australia and New Zealand, according to a news release from Fiserv on the acquisition. The Australian company is known for its management platform Glassbox, the release said. Glassbox helps companies comply with regulatory requirements and manage day-to-day operations, the Pinch Payments website says. The move extends Fiserv's reach with services such as Clover, which is focused on small businesses, in the two Pacific island countries and generally in the region, the release said. "By integrating our leading digital payment solutions with Pinch's innovative technology and local expertise, we are able to deliver innovative payment solutions to empower merchants across the (Asia Pacific) region," Gavin Jones, head of Fiserv Australia, said in the news release. The release does not give an exact date for the acquisition and doesn't say how much Milwaukee-based Fiserv paid for Pinch Payments. The merger was finalized last week, a Fiserv spokesperson said in an email. The spokesperson declined to say how much the company paid to acquire Pinch Payments. The payments company announced it was launching Clover in Australia on March 31, and said the point-of-sale service is now available in eleven countries, powering 3.5 million point-of-sale devices. Merging with Pinch 'will provide incremental distribution for Clover,' RBC Capital Markets analyst Daniel Perlin wrote in a note to the firm's investment clients Tuesday. RBC expects further integration between payments and technology companies 'as firms look to create seamless payment ecosystems,' Perlin said. Recommended Reading Fiserv says US trade war could harm demand
Yahoo
09-04-2025
- Business
- Yahoo
Fiserv buys Australian paytech Pinch Payments
Fintech and payments company Fiserv has acquired Pinch Payments, a payment facilitator (PayFac) based in Australia. Financial terms of the deal remain undisclosed. Set up in 2017, Pinch Payments is known for its PayFac enablement platform "Glassbox" and serves nearly 2000 merchants in Australia and New Zealand. This acquisition is aimed to expanding its service offerings in the Asia-Pacific market. It provides Fiserv with a payment orchestration solution, supporting service options for PayFacs, ISVs, BPSPs, ISOs, and enterprises. The addition is expected to extend the company's merchant reach and enable the delivery of new solutions, including the integration of the Clover cloud-based SaaS business operating platform, to merchants across the APAC region. Pinch Payments CEO and c-founder Paul Allen stated: '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. Having worked closely with the Fiserv team, I am confident in our roadmap to expand into new markets.' Fiserv Australia head Gavin Jones said: 'This acquisition further demonstrates Fiserv's commitment to the local payments market, following our recent launch of Clover in 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.' Last month, Fiserv acquired CCV, a Dutch payments technology provider with operations in the Netherlands, Belgium, and Germany. Moreover, last month, the company also finalised the acquisition of Payfare, a firm offering instant payout and banking solutions to workers in the gig economy. It purchased all the issued and outstanding shares of Payfare at a price of C$4.00 per share, amounting to a total acquisition cost of C$193.15m. "Fiserv buys Australian paytech Pinch Payments " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
