(Reuters) – united state settlements innovation agency Fiserv claimed on Monday it might 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 workers, the place Payfare is a big gamer.
Fiserv didn’t disclose the value of the provide. It didn’t immediately reply to a Reuters demand searching for added data.
Payfare had a market value of C$ 101.24 million ($ 70.3 million), since just lately.
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)
