A week after saying it would launch its Clover point-of-sale service in Australia, the payments giant Fiserv disclosed Monday that it has acquired Australian payment facilitator Pinch Payments.

Pinch was founded in 2017 and serves about 2,000 merchants in Australia and New Zealand, according to a news release from Fiserv on the acquisition. 

The Australian company is known for its management platform Glassbox, the release said. Glassbox helps companies comply with regulatory requirements and manage day-to-day operations, the Pinch Payments website says.

The move extends Fiserv’s reach with services such as Clover, which is focused on small businesses, in the two Pacific island countries and generally in the region, the release said.

"By integrating our leading digital payment solutions with Pinch's innovative technology and local expertise, we are able to deliver innovative payment solutions to empower merchants across the (Asia Pacific) region," Gavin Jones, head of Fiserv Australia, said in the news release. 

The release does not give an exact date for the acquisition and doesn't say how much Milwaukee-based Fiserv paid for Pinch Payments. 

The merger was finalized last week, a Fiserv spokesperson said in an email. The spokesperson declined to say how much the company paid to acquire Pinch Payments.

The payments company announced it was launching Clover in Australia on March 31, and said the point-of-sale service is now available in eleven countries, powering 3.5 million point-of-sale devices. 

Merging with Pinch “will provide incremental distribution for Clover,” RBC Capital Markets analyst Daniel Perlin wrote in a note to the firm’s investment clients Tuesday.

RBC expects further integration between payments and technology companies “as firms look to create seamless payment ecosystems,” Perlin said.