Fiserv Acquires Pinch Payments to Strengthen APAC Payment Capabilities

Fiserv, Inc. (NYSE: FI), a global leader in payments and financial technology, has announced the acquisition of Pinch Payments, a prominent payment facilitator based in Australia. This strategic move enhances Fiserv’s service offerings across the Asia-Pacific region by integrating Pinch’s PayFac enablement technology and its management platform, Glassbox.

Founded in 2017, Pinch Payments serves approximately 2,000 merchants in Australia and New Zealand, offering scalable tools for efficient payment processing. The acquisition expands Fiserv’s footprint in the region, aligning with the company’s recent launch of its Clover® platform in Australia. The integration is expected to bring advanced cloud-based SaaS business tools to more merchants and business partners, including PayFacs, ISVs, ISOs, and enterprises.

Gavin Jones, Head of Fiserv Australia, emphasized the strategic importance of the deal, stating, “This acquisition further demonstrates Fiserv’s commitment to the local payments market. By combining our digital payment solutions with Pinch’s technology and expertise, we can empower a wider range of merchants with innovative tools.”

Paul Allen, CEO and Co-Founder of Pinch Payments, added, “Joining Fiserv is an incredible opportunity to expand our mission and reach more merchants. We’re confident in our shared vision and path to growth in new markets.”

Fiserv will integrate Pinch’s operations into its ecosystem, promising a seamless transition and continued support for existing customers.