Fiserv Inc. (NASDAQ: FISV) opened its first Clover manufacturing facility in the Americas in Betim, Minas Gerais, Brazil, the company announced. The facility represents the payments and financial technology company's expansion of its global manufacturing operations.

The Betim facility is designed to accelerate development cycles and increase flexibility across sourcing, design, and production for Clover hardware. Local manufacturing enables the company to adapt solutions to regional market requirements while maintaining performance and security standards.

The facility supports development of cost-efficient Clover Flex devices aimed at markets where affordability is a consideration. Fiserv stated the expanded manufacturing footprint maintains quality and security standards while reducing costs.

"Opening our first Clover manufacturing facility in the Americas is a meaningful milestone for Fiserv and an important step in our Clover growth strategy," said Takis Georgakopoulos, Co-President at Fiserv. "By strengthening our ability to innovate and scale locally, we are focused on bringing new capabilities to market faster and deliver affordable, reliable payment technology that helps businesses get up and running quickly, operate smarter, and grow."

The company continues investment in Clover hardware innovation, advancing capabilities for security, usability, and merchant performance. This includes support for emerging technologies and form factors designed to simplify transactions and adapt to business operations in various markets.

Fiserv positions these investments to serve merchants globally, from those seeking feature-rich solutions to businesses entering digital commerce. The information is based on a company press release statement.