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