Fiserv has announced its intention to acquire the remaining 49.9% stake in AIB Merchant Services, a move that will see the global payments and financial services provider assume full ownership of one of Ireland’s leading payment solution companies.
AIBMS, established in 2007 as a joint venture between Fiserv and AIB Group, has grown into one of Europe’s largest e-commerce acquirers and a dominant player in the Irish market. The acquisition aims to support Fiserv’s continued expansion across Ireland and the broader European payments landscape. While financial details of the transaction have not been disclosed, the deal is expected to close in the third quarter of 2025, subject to regulatory approvals and customary closing conditions.
Under the new arrangement, AIB Group will maintain its commercial relationship with AIBMS and Fiserv, continuing to refer business customers in need of merchant acquiring services. The strategic collaboration is set to continue even as Fiserv takes full operational control of the venture.
Fiserv head of the EMEA region Katia Karpova said, “We have enjoyed a strong partnership with AIB Group, as together we grew AIBMS into one of the leading acquirers in Europe, and I look forward to continuing to work closely with them to support our mutual clients. Our focus will remain on delivering market-leading solutions to clients of all sizes across Ireland and the broader European market. We are particularly excited for the opportunity to accelerate the local penetration and growth of Clover, the world’s smartest point-of-sale system and business management platform.”
AIB CEO Colin Hunt expressed confidence in the transition, stating, “Following a successful Joint Venture partnership, we believe Fiserv has the commitment, experience and innovative technical solutions to grow AIBMS and that our customers will continue to be well-served under their sole ownership. Recognising the strength of the AIB customer franchise, we are pleased to support our business customers by maintaining a close on-going relationship with Fiserv. AIB continues to implement its strategy at pace, with strong progress in each of our three focus areas: Customer First, Greening our Business and Operational Efficiency and Resilience. We wish AIBMS and Fiserv every success in the future.”
This acquisition underscores Fiserv’s ambitions to strengthen its foothold in the European market and broaden adoption of its Clover platform, which integrates payment processing with business management tools to support small and medium-sized enterprises.
Keep up with all the latest FinTech news here
Copyright © 2025 FinTech Global
