The collaboration, pending regulatory approval, is looking to address growing demand from merchants in Spain across various industries. The agreement combines Unicaja’s financial expertise with Fiserv’s technological capabilities, marking the first such venture for Fiserv in Spain. The partnership will focus on creating tools to support omnichannel payment processing, including point-of-sale (POS) systems, ecommerce solutions, and multi-currency sales.
In essence, the initiative aims to streamline processes and improve the customer experience through faster, more secure, and more convenient payment options.
Under the agreement, Unicaja will offer merchants a customised value proposition designed for specific industry needs. This specialised offering prioritises security, fraud protection, and ease of use, aligning with the increasing digitisation of financial services.
Officials from Unicaja noted that the bank is committed to adapting its products to meet client needs and to innovating in technology to simplify and optimise payment services.
In turn, representatives from Fiserv highlighted the potential impact of the partnership and revealed that the initiative has the potential to reshape the local merchant acquiring market while providing long-term benefits for Unicaja’s commercial banking clients.
Unicaja is a Spain-based bank that operates primarily in six autonomous communities, namely Andalusia, Asturias, Cantabria, Castilla-La Mancha, Castilla y León, and Extremadura. The company maintains a presence in Madrid, Ceuta, and Melilla, and it follows a universal banking model with a focus on sustainability, digital transformation, and careful risk management.
Fiserv is a Fortune 500 company that focuses on payments and financial technology. Its services include account processing, digital banking, card issuer processing, network services, ecommerce, and POS solutions such as the Clover platform.
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