Fiserv has announced the acquisition of Payfare, a provider of program management solutions for gig economy workers, enhancing Fiserv’s embedded finance capabilities. The deal, expected to close in 2025, will integrate Payfare’s card program management, consumer apps, and microservices with Fiserv’s strengths in processing and integrated services, enabling enhanced solutions for large enterprises and financial institutions. The acquisition aims to accelerate the delivery of embedded finance services, empowering clients and expanding Payfare’s reach through Fiserv’s scale and technology.
Fiserv to Enhance its Embedded Finance Capability with Acquisition of Payfare Inc..
