Fiserv has completed its acquisition of Payfare, a provider of program management solutions focused on new economy workforces. Payfare’s co-founders and employees have joined Fiserv, and its card program management and white-label consumer application will complement Fiserv’s embedded finance solutions. The combination strengthens Fiserv’s capabilities in banking, payments, and lending.

Under the acquisition terms, Fiserv's subsidiary purchased all 48,287,259 outstanding shares of Payfare for C$4.00 per share, totaling approximately C$193 million. As a result, Payfare shares will no longer be listed on the Toronto Stock Exchange or quoted on the OTCQX, and the company will apply to cease being a reporting issuer.

Fiserv continues to expand its leadership in financial technology, providing solutions across digital banking, payment processing, and e-commerce through platforms like Clover.