PartnershipLATAM
Caixa Econômica Federal Signs 20-Year Payments Infrastructure Deal with Fiserv
Caixa Econômica Federal, Brazil's state-owned bank, signed a 20-year merchant acquiring deal with Fiserv, announced on Apr 28, 2021. Fiserv will handle both card-present and card-not-present transactions through Caixa-branded point-of-sale terminals and an online payments gateway. Founded in 1861, Caixa operates 26,000 physical banking service points and serves 146 million individual and corporate customers.
Of those, 107 million use its digital banking services. Pedro Guimarães, Caixa's CEO, cited Fiserv's "well-established business in Latin America" as a factor in the selection. Fiserv CEO Frank Bisignano said the vendor has "a deep commitment" to its business in Brazil.
Financial terms were not disclosed.
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Implications
- Long-term infrastructure partnerships between major banks and payments providers are replacing shorter vendor contracts, signaling deeper embedded finance integration
- Fiserv strengthens its LATAM presence through a flagship state-owned bank, intensifying competition with local acquirers and global rivals in Brazil's fast-growing payments market
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