Fiserv has announced plans to acquire full control of AIB Merchant Services (AIBMS), one of Ireland’s leading payment solution providers and a top-tier e-commerce acquirer in Europe.
Fiserv acquires AIB Merchant Services
The move will see Fiserv purchase the remaining 49.9% stake in AIBMS from Allied Irish Banks (AIB), its long-term joint venture partner since 2007.
The deal underscores Fiserv’s strategic intent to deepen its presence in Ireland and the wider European market.
While financial terms remain undisclosed, the acquisition reflects a concerted effort by Fiserv to strengthen its European foothold and scale its merchant acquiring capabilities.
AIBMS, which has played a key role in advancing digital commerce across Ireland, will continue to receive exclusive referrals from AIB, preserving a close commercial relationship between the two institutions.
“We’re proud of what we’ve built alongside AIB, and we’re committed to delivering advanced payment solutions to businesses across the region,” said Katia Karpova, Head of EMEA at Fiserv.
She added that the company is particularly focused on expanding the reach of Clover, its flagship point-of-sale and business management platform.
AIB CEO Colin Hunt expressed confidence in the transition, noting that Fiserv’s ownership ensures continuity and innovation for AIB’s business clients.
“This evolution aligns with our broader strategic pillars, including operational efficiency and a steadfast focus on customer experience,” he said.
The deal is pending regulatory approval and is expected to close in the third quarter of 2025.
Once finalised, Fiserv will be positioned to further leverage AIBMS’s established infrastructure and client base as part of its long-term European growth strategy, reflecting broader consolidation trends in the payments sector.
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