Group 1: Fiserv's Expansion in Japan - Fiserv has signed a deal with Sumitomo Mitsui Card Company to sell payments technology to businesses in Japan, marking a significant step in expanding its global reach [6][1] - The agreement is expected to take effect in late 2026, with Fiserv planning to tailor its Clover point of sale system for the Japanese market, aligning with Japan's government initiative to reduce cash payments by 65% in the next four years [2][3] - CEO Mike Lyons emphasized that Clover serves as a platform to showcase payment technology and compete with fintechs like PayPal and Stripe, with plans to launch Clover in Brazil in December 2024 and Australia in March 2025 [3][4] Group 2: Financial Performance and Future Outlook - Fiserv is recovering from a recent earnings miss, with Lyons acknowledging that the company's performance has not met stakeholder expectations [4][5] - Analysts from Jeffries expressed optimism, stating they do not expect further negative developments for Fiserv ahead of its next earnings report scheduled for February 10 [5] Group 3: Industry Trends and Innovations - The Japanese government's push for digital payments presents an opportunity for payment technology companies like Fiserv to capitalize on the growing demand for cashless transactions [6] - The trend towards agentic commerce is gaining traction, with companies like Revolut and Santander exploring AI-driven payment solutions to enhance consumer experiences [7][12]
Fiserv bets on Japan's digital initiative; Klarna deepens Walmart ties