Selecta Group, Fiserv To Offer Cashless Payments Across Europe

Europe’s leading self-service provider Selecta Group has partnered with payments provider and FinTech company Fiserv to roll out cashless payments in Europe, the two companies announced in a press release on Tuesday (Aug. 24).

Work to streamline operations began in summer 2021, with the roll out of the Fiserv payment platform in vending machines and smart fridges across Selecta’s 16 European markets.

According to the CEO of Selecta Group Christian Schmitz, “modern, cash-free and contactless payment options” are what consumers prioritize, adding that “with Fiserv, we will be able to deliver these options in a way that is easy for us to manage, through a single solution, while unified reporting will give us a new level of insight into our business.”

The Swiss self-service retailer offers coffee and convenience food solutions in the workplace and in public spaces, serving more than 10 million people in Europe with an annual turnover of 1 billion euros ($1.174 billion).

According to the announcement, the Swiss firm is also considering launching a mobile payment app which will provide access to Selecta loyalty program. Through a dedicated merchant portal, Selecta will be able to “streamline terminal management, including onboarding and activation, reporting and insights, maintenance and diagnostics.”

See also: Fiserv’s Clover Gross Payment Volumes Up 96 Pct With 2M Devices In Service

Selecta is an important client for Fiserv, a leading global provider of payments and financial services technology solutions. The FinTech company’s head of Europe, the Middle East and Africa John Gibbons said the partnership is ideal because “seamless digital payment capabilities perfectly complement the convenience of self-service retail and enhance the overall buying experience.”

In August, PYMNTS reported that Fiserv will be collaborating with PayPal and Venmo to introduce QR codes for payments at the checkout process.

Read more: Fiserv Carat Enables Digital Payouts To Venmo, PayPal

Big businesses on Fiserv’s Carat omnichannel commerce ecosystem and small to medium-sized businesses using the Clover point-of-sale platform will both have the option of providing customers with contactless payment options via PayPal and Venmo QR codes.