(Reuters) – united state settlements innovation agency Fiserv claimed on Monday it will actually purchase Payfare, an digital monetary firm based mostly in Canada.
The provide will definitely allow Fiserv to broaden its affect within the settlements innovation market satisfying gig-economy workers, the place Payfare is a big gamer.
Fiserv didn’t reveal the price of the provide. It didn’t immediately reply to a Reuters demand searching for added info.
Payfare had a market value of C$ 101.24 million ($ 70.3 million), since not too long ago.
The provide is anticipated to surround the preliminary fifty % of following 12 months, Fiserv claimed.
($ 1 = C$ 1.4403)
(Reporting by Niket Nishant in Bengaluru; Editing by Shilpi Majumdar)
