Endava and Paysafe announce multi-year strategic partnership

Endava (NYSE: DAVA) and Paysafe (NYSE: PSFE) announced a multi-year strategic partnership to develop payment solutions and digital community engagement services, according to a press release statement.

Under the partnership, Paysafe will provide payments expertise including digital wallets, prepaid solutions, and online payment processing. Endava will contribute technology services including engineering optimization, AI solutions, and program delivery capabilities.

The companies will establish a joint steering committee to oversee service performance, strategic alignment, and continuous improvement initiatives under the agreement.

"By combining Paysafe's global payments expertise with Endava's AI-driven engineering, we hope to set a new standard for payments and community experience," said Bob Legters, Chief Product Officer at Paysafe. "We'll be able to deliver quicker rollouts, higher conversion and richer digital experiences for our partners and for the end user."

Paysafe operates as a payments platform serving merchants and consumers globally. The company reported an annualized transactional volume of $152 billion in 2024 and employs approximately 3,000 people across 12 countries. The platform processes 260 payment types in 48 currencies.

Endava provides technology services and digital transformation solutions. As of September 30, 2024, the company employed 11,636 people across locations in Europe, the Americas, Asia Pacific and the Middle East.

You May Also Be Interested In

• Qualcomm plans new chip architecture for phones - Semafor
• Oman Warned European Allies Ship Fees Likely Needed For Hormuz - Bloomberg
• Cumberland Pharmaceuticals shares updated DMD cardiac trial data