- Unicaja collaborates with Fiserv to enhance payment solutions in Spain.
- New tools to include POS, e-commerce, and multi-currency systems.
What happened: Unicaja and Fiserv join forces for payment innovation in Spain
Spanish bank Unicaja has entered a strategic partnership with US fintech leader Fiserv to create advanced payment solutions for the Spanish market. The collaboration aims to address increasing market demand from merchants of all sizes by enhancing omnichannel payment processing.
The solutions being developed will cover a range of payment methods, including point-of-sale (POS) systems, e-commerce platforms, and multi-currency capabilities. Katia Karpova, EVP and Head of EMEA at Fiserv, commented that this is Fiserv’s first significant move into Spain, with the partnership expected to shape the local merchant acquiring market.
Unicaja, with its extensive network of branches and ATMs, serves over four million customers, making it a key player in the Spanish banking sector. The partnership follows Fiserv’s recent acquisition of Payfare, further expanding its global payment capabilities.
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Why it’s important
The partnership between Unicaja and Fiserv comes at a time when the payments sector in Spain is seeing increased demand for advanced digital solutions. Unicaja’s wide customer base and national presence provide a strong foundation for Fiserv to introduce its payment technologies into the Spanish market.
With Spain being one of the key European markets for digital payments, this collaboration positions both firms to cater to the growing need for seamless payment experiences, particularly for merchants seeking flexible payment solutions. Additionally, the move aligns with Fiserv’s ongoing strategy to enhance its service offerings globally, as demonstrated by its recent acquisition of Payfare, which expands its payment options for gig economy workers.
