Fiserv has agreed to acquire the remaining 49.9% stake in AIB Merchant Services (AIBMS) from AIB Group to strengthen its merchant services footprint across Ireland and Europe.
The transaction will give Fiserv full ownership of AIBMS, one of Ireland’s largest payment solution providers and a top European eCommerce acquirer, with AIB Group continuing to refer customers exclusively to AIBMS and Fiserv.
The acquisition, part of Fiserv's growth strategy in the region, aims to expand the reach of Clover, its point-of-sale and business management platform, in the European market.
Fiserv's quarterly results show organic revenue growth and increased Clover revenue, with the platform now operating in 13 countries, highlighting the company's focus on deepening its merchant services offerings and leveraging technology to meet evolving client needs.