Visa Completes Acquisition of Pismo


Share post:

Visa (NYSE:V) today announced it has completed its acquisition of Pismo – a global cloud-native issuer processing and core banking platform.

With the transaction complete, the combination of Visa and Pismo will provide clients with core banking and card-issuer processing capabilities across all product types via cloud native APIs. Pismo’s platform will also enable Visa to provide support and connectivity for emerging payment schemes and RTP networks for financial institution clients.

Also Read: Significance of Cloud Observability in FinTech

“Core banking and issuer processor capabilities are key offerings for many of our financial institution and fintech partners’ clients,” said Jack Forestell, Chief Product and Strategy Officer at Visa. “With the combination of Visa and Pismo, we can now broaden these offerings and better serve the ecosystem.”

“The combination of Visa and Pismo will enable our clients to launch innovative payments and banking products within a single cloud-native platform regardless of network, geography, or currency. The closing marks a new era for banking and payments,” said Ricardo Josua, Co-Founder and CEO, Pismo.

Pismo will retain its current management team led by Ricardo Josua.

TalkFintech Bureau
TalkFintech Bureau
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


Please enter your comment!
Please enter your name here


Related articles

Trading Technologies acquires ATEO to expand its post-trade solutions in global markets

Trading Technologies, a global capital markets technology company, has acquired ATEO SAS, a provider of post-trade solutions for...

Fiserv seeks to acquire Shift4 Payments – Reuters

According to Reuters, Fiserv is competing with Amadeus IT Group for the acquisition of payment processor Shift4 Payments. Shift4,...

Oliver Wyman announces acquisition of Innopay

Oliver Wyman, a management consulting firm and a Marsh McLennan business, has announced the completion of its acquisition...

How FinTech-Bank Partnership Can Redefine Digital Banking

As the digital payment ecosystem evolves, banks recognize the importance of partnering with FinTech companies. However, many of...