Visa buys Brazilian Payments Platform Pismo for $1 Billion

  • Visa is set to acquire São Paulo-based fintech startup Pismo, which processes 50 billion API calls and $40 billion in transactions annually.
  • Pismo’s platform allows banks and fintechs flexibility and agility in launching products for cards, payments, and digital banking via a cloud-native platform.
  • The deal, subject to regulatory approvals, is expected to close by year’s end, and Pismo will retain its current management team based in São Paulo.
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