Fiserv to Acquire Payfare, Expanding Embedded Finance Solutions
Friday, January 10, 2025
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Posted by: Sierra Lindemann
Fiserv has announced plans to acquire Payfare, a provider of workforce payment solutions specializing in the gig economy. The deal, expected to close in early 2025, will integrate Payfare’s card program management and digital banking capabilities with Fiserv’s embedded finance offerings. This move positions Fiserv to better serve enterprises and financial institutions with advanced payments, lending and workforce-focused financial solutions.