Fiserv has signed an agreement to acquire Ondot, a digital platform for financial services.
In Brief:
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The deal is expected to close in Q1 2021.
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Ondot processes more than a billion transactions every month.
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It provides over 4,500 financial institutions with a digital card services platform.
What does this mean?
Fiserv says that the deal will allow it to expand the digital capabilities it offers clients, as well as developing the Ondot platform. Fiserv will be able to help businesses accelerate digital customer acquisition, drive digital commerce, increase card activation and usage, reduce service costs and more.
