Zūm Rails Partners with Fiserv to Expand Embedded Payments into US
In October 2024, Zūm Rails announced a partnership with Fiserv to expand its embedded payments platform into the United States. Zūm Rails, a Canadian fintech specializing in embedded payment solutions, will leverage Fiserv's payment processing infrastructure to offer US businesses embedded accounts payable, accounts receivable, and payment capabilities. The partnership also outlines plans for future BaaS offerings including debit card issuance.
Zūm Rails contributes its embedded payments technology and API-first platform, while Fiserv provides its established US processing network and regulatory footing. Financial terms were not disclosed. The expansion addresses growing US demand for embedded payment and financial services among businesses seeking to streamline operations.
This partnership extends Fiserv's embedded finance ecosystem beyond consumer-facing use cases into B2B payment workflows.
- Expands Fiserv's embedded finance partner ecosystem into B2B payment automation, complementing its consumer-facing DoorDash deployment
- Signals cross-border BaaS expansion as Canadian fintechs leverage US banking infrastructure partners to enter the larger market