https://www.pismo.io/blog/visa-to-acquire-pismo/

Skip to content

Breaking News: Citi TTS selects Pismo to enrich its DDA services to
clients worldwide. Find out more

[svg][pismo-logo]
Contact us

  * Solutions

    Solutions

    Platform Overview
    Use Cases

    Core Banking

    Core Banking
    Corporate Banking
    Investments

    Payments

    Card Issuing
    Digital Wallets

    Lending

    Digital Lending
    LMS

    Merchants

    Seller Management
  * Developers

    Developers

    Developers Overview
    Guides
    API Reference
  * Resources

    Resources

    Blog
    Whitepapers
    Insights
    Videos
    Events
  * Company

    Company

    About us
    Partners
    Investors
    Newsroom
    Careers
  * EN
      + PT
      + ES

[]
X
Contact us

  * EN
      + PT
      + ES

Menu

  * EN
      + PT
      + ES

[                    ] [Search]
[Select category]
Blogs > Visa to Acquire Pismo for US$ 1 billion
28 June -
Company news

Visa to Acquire Pismo for US$ 1 billion

Visa (NYSE: V) today announced it has signed a definitive agreement
to acquire Pismo for $1 billion in cash.

Pismo
Pismo
[svg][author-pismo]
[svg][blog-announcement]

Visa (NYSE: V) today announced it has signed a definitive agreement
to acquire Pismo for $1 billion in cash.

Together, we will be positioned to provide core banking and issuer
processing capabilities across debit, prepaid, credit and commercial
cards for clients via cloud native APIs. Pismo's platform will also
enable Visa to provide support and connectivity for emerging payment
rails, like Pix in Brazil, for financial institution clients.

Visa is a world leader in digital payments, facilitating transactions
between consumers, merchants, financial institutions and government
entities across more than 200 countries and territories.

"Through the acquisition of Pismo, Visa can better serve our
financial institution and fintech clients with more differentiated
core banking and issuer solutions they can offer their customers,"
said Jack Forestell, Chief Product and Strategy
Officer, Visa.

"At Pismo, we aim to enable our clients to launch cutting-edge
payments and banking products within a single cloud-native platform,
regardless of rails, geography or currency," said Ricardo Josua,
Co-Founder, CEO, Pismo. "Visa provides us unrivalled support to
expand our footprint globally and help shape a new era for banking
and payments."

Pismo will retain our founders and current management team. The
transaction is subject to regulatory approvals and other customary
closing conditions and is expected to close by the end of 2023.

More Articles

[svg][Corp-PNG]

27 June -

Banking

Cloud modernisation for corporate banking: scalability, efficiency,
reliability

[svg][Alexander-Hamilton-240]
Alex Hamilton
4 mins
[svg][pismo-core-baking-platform-relaunch]

20 June -

Banking

Win clients and drive growth with a next-generation banking platform

[svg][Alexander-Hamilton-240]
Alex Hamilton
4 min
[svg][pismo-announces-citi]

15 June -

Banking

Citi TTS selects Pismo to enrich its demand deposit account services
to clients worldwide

[svg][author-pismo]
Pismo
2 minutes
 
View more articles

Platform

Platform overview

Card Issuing

Core Banking

Lending

Digital Wallets

Seller Management

Insights

Blog

Knowledge

Videos

Events

About us

Pismo

Investors

Partners

News

Newsletter

Developers

Careers

Contact us

Linkedin logoLinkedin logo
[svg][footer-insta]
Twitter logoTwitter logo
[svg][footer-glass]
Pismo * All rights reserved (c) Read our privacy policy