Fiserv acquires Pinch Payments to power PayFac growth in Asia-Pacific

By Gloria Methri

Fiserv has acquired Australia-based Pinch Payments, a payment facilitator (PayFac) known for its enablement tools and management platform, Glassbox. Founded in 2017, Pinch currently serves around 2,000 merchants across Australia and New Zealand.

Pinch offers comprehensive tools to facilitate payments more efficiently at scale. The acquisition adds a payment orchestration platform to Fiserv’s portfolio, aimed at supporting a range of stakeholders, including PayFacs, independent software vendors (ISVs), business platform service providers (BPSPs), independent sales organisations (ISOs), and enterprises. It also expands Fiserv’s presence in the Asia-Pacific region, offering enhanced payment capabilities and integrations, including with the company’s existing Clover platform.

“This acquisition further demonstrates Fiserv’s commitment to the local payments market, following our recent launch of Clover in Australia,” said Gavin Jones, Head of Fiserv Australia. “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.”

“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,” said Paul Allen, Co-Founder and CEO at Pinch Payments. “Having worked closely with the Fiserv team, I am confident in our roadmap to expand into new markets.”