Paysafe and Fiserv expand partnership to boost SMB growth

By Gloria Methri

Paysafe and Fiserv, two major players in the payments and financial technology sector, have announced the expansion of their long-standing partnership to better serve small and medium-sized businesses (SMBs). The collaboration includes a set of strategic initiatives aimed at improving access to capital, enhancing security, and accelerating digital transformation for SMBs.

A key focus of the expanded partnership is the integration of Fiserv’s Clover Capital solution into Paysafe’s offerings. This will provide SMBs with quicker access to working capital, helping them scale operations more efficiently. In addition, Paysafe will incorporate Fiserv’s Data-as-a-Service technology to boost its risk and fraud protection capabilities, strengthening security for merchants and consumers alike.

The companies are also preparing to launch a digital wallet tailored for businesses within Fiserv’s Clover merchant network in the United States. The wallet will support faster settlements and offer a broader range of banking services, streamlining merchants’ financial operations. The move represents a significant step in the evolution of Paysafe’s business wallet platform, which focuses on financial efficiency and scalability.

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

“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,” said Jennifer LaClair, Head of Merchant Solutions at Fiserv.

Paysafe and Fiserv intend to continue deepening their collaboration to deliver added value across the payment ecosystem, with a focus on digital enablement and long-term growth for SMBs.