Paysafe and Fiserv Join Forces to Enhance Digital Wallet Solutions and Financial Access for Small Businesses

Paysafe and Fiserv Join Forces to Enhance Digital Wallet Solutions and Financial Access for Small Businesses

Paysafe, a prominent payments platform renowned for its extensive range of online and digital payment solutions, has recently expanded its partnership with Fiserv, a leading financial technology provider. This collaboration is specifically designed to enhance financial tools and digital solutions for small and medium-sized businesses (SMBs).

Expanded Partnership to Support SMBs

The strengthened alliance between Paysafe and Fiserv focuses on several key areas including:

  • Improving access to capital for SMBs.
  • Enhancing fraud and risk protection.
  • Introducing a new digital wallet experience.

Paysafe operates in more than 12 countries and supports a variety of payment types, totaling 260 across 48 currencies. In the year 2024, they processed transactions exceeding $152 billion. Fiserv, on the other hand, is a Fortune 500 company offering services in account processing, card issuing, digital banking, e-commerce, and the Clover® merchant platform.

Integration of Clover Capital

As part of this expanded partnership, Paysafe will incorporate Clover Capital from Fiserv. This integration aims to facilitate better funding access for SMBs, enabling them to scale their operations effectively.

Strengthening Fraud Protection

The collaboration will also enhance fraud and risk protection measures by utilizing Fiserv’s Data-as-a-Service tools. This initiative is expected to create safer experiences for both merchants and consumers.

Launch of New Digital Wallet

A significant development in the U.S. market is the introduction of a new digital wallet within the Clover merchant ecosystem. This wallet is designed to:

  • Facilitate faster settlements.
  • Provide access to a comprehensive suite of banking services.
  • Help SMBs streamline operations and enhance customer experiences.

According to Bruce Lowthers, CEO of Paysafe, “These strategic initiatives reflect the strength and momentum of our partnership with Fiserv. Together, we are creating innovative, growth-oriented solutions that unlock new opportunities for SMBs while accelerating our product expansion strategies.”

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Jennifer LaClair, head of merchant solutions at Fiserv, emphasized, “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.”

For more information about Paysafe’s services, visit their official website.

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