Payments platform Paysafe (NYSE:PSFE) and global provider of payments and financial services technology solutions Fiserv, Inc. (NYSE:FI) are expanding their long-term partnership to deliver even greater value to their customers.

This collaboration includes several key initiatives focused on empowering small and medium-sized businesses (SMBs).

One key initiative is the integration of Fiserv’s Clover Capital solution, which provides SMBs with improved access to capital to help them scale and grow. Additionally, Paysafe will leverage Fiserv’s Data–as–a-Service solution to further enhance their risk and fraud protection, strengthening security and trust for both consumers and merchants.

In the US, the two companies are collaborating to launch a digital wallet within Fiserv’s Clover merchant base. This wallet will enable businesses to receive faster settlements and access a full range of banking services, while enhancing the customer experience. This marks a milestone in Paysafe’s business wallet platform evolution, offering a solution designed for 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.