(Reuters) – united state settlements innovation agency Fiserv claimed on Monday it could actually purchase Payfare, an digital monetary firm primarily based in Canada.
The provide will definitely allow Fiserv to broaden its impression within the settlements innovation market satisfying gig-economy staff, the place Payfare is a major gamer.
Fiserv didn’t reveal the value 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 lately.
The provide is anticipated to surround the preliminary fifty p.c of following 12 months, Fiserv claimed.
($ 1 = C$ 1.4403)
(Reporting by Niket Nishant in Bengaluru; Editing by Shilpi Majumdar)
