Paysafe, a leading payments platform with a global footprint in online and digital payment services, and Fiserv, a Fortune 500 payments and financial technology provider, have announced an expanded partnership aimed at supporting small and medium-sized businesses (SMBs) with improved financial tools and digital solutions.
The deepened collaboration between the two companies is centred around helping SMBs access capital more easily, strengthen fraud and risk protection, and offer a new digital wallet experience.
Paysafe, which operates in over 12 countries and supports 260 payment types in 48 currencies, is known for its integrated platform offering payment processing, digital wallet, and online cash solutions. In 2024, the company processed over $152bn in transactions.
Fiserv, meanwhile, is a prominent technology provider delivering services across account processing, card issuing, digital banking, e-commerce, and its Clover® merchant platform.
As part of the partnership expansion, Paysafe will integrate Clover Capital from Fiserv, giving SMBs better access to funding needed for scaling operations. The companies will also work together to strengthen fraud and risk protection, using Fiserv’s Data-as-a-Service tools to support safer merchant and consumer experiences.
A key development in the US market is the launch of a new digital wallet within the Clover merchant ecosystem. This business-focused wallet will enable faster settlements and provide access to a full suite of banking services, helping SMBs streamline operations and improve the customer experience.
Bruce Lowthers, CEO of Paysafe, said, “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.”
Fiserv head of merchant solutions Jennifer LaClair said, “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.”
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