Fiserv Acquires Australian Payment Facilitator Pinch Payments

Fiserv, a provider of payments and financial services technology, announced that it has acquired Pinch Payments, an Australian-based payment facilitator. Terms of the deal was not disclosed.

Founded in 2017, Pinch serves around 2,000 merchants across Australia and New Zealand.

Its platform offers tools that help businesses manage and scale payments more efficiently.

The acquisition gives Fiserv access to a payment orchestration system that supports flexible service options and faster delivery for payment facilitators (PayFacs), independent software vendors (ISVs), bill payment service providers (BPSPs), independent sales organisations (ISOs), and enterprise clients.

Fiserv said the acquisition builds on its recent launch of the Clover point-of-sale solution in Australia.

It is expected to enhance its ability to deliver digital payment solutions to merchants across the Asia Pacific region.

The company plans to integrate Pinch’s technology and team into its operations to support a seamless transition for clients.

“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.”

said Gavin Jones, Head of Fiserv Australia.

“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.”

said Paul Allen, Co-Founder and CEO at Pinch Payments.

Featured image credit: Edited from Freepik