London-based Trust Payments is expanding its existing relationship with Fiserv to support the company's ambitious growth and worldwide expansion plans. The new long-term agreement builds on the companies' successful collaboration since 2012 and will allow Trust Payments to provide its clients with on-demand payment capabilities, enabled by acquiring-as-a-service capabilities from Fiserv. The emergence of AqaaS has made it possible for a broad range of fintechs beyond financial institutions or large payment processers to become merchant acquirers, enabling the acceptance of card payments for their own clients.

Trust Payments is seeing rapid growth, with a 73% increase in total revenues last year, as more merchants recognised the need for digitisation of payments and commerce, partially fuelled by the rise in contactless spending and the need to meet growing customer demand for omnichannel experiences. Trust Payments is also one of the first businesses to utilise the Fiserv suite of API-enabled services to facilitate faster and more seamless access to new capabilities.