Global payment systems leader Visa has announced a definitive agreement to acquire Pismo, a cloud-native issuer processing and core banking platform with a presence spanning Latin America, Asia Pacific, and Europe. The landmark deal, worth $1 billion, underscores Visa’s commitment to strengthening its technological prowess and broadening its global footprint. Jack Forestell — Visa Chief […]
Visa has signed a deal worth €1.8 billion to acquire Tink, a Swedish open banking platform provider that enables fintechs, financial organizations, and merchants in Europe in developing personalized financial management tools, products, and services. By means of a single API, Tink helps its customers in accessing smart financial services such as financial data, risk […]
State Bank of India (SBI) subsidiary SBI Payments said that it will roll out the YONO Merchant App for offering low-cost digital payments infrastructure to merchants. YONO Merchant App is expected to grow digitization of merchant payments in India, said SBI. The Indian public sector bank aims to target 20 million potential merchants in retail […]
Indian private sector bank Axis Bank has joined partnership with embedded lending fintech company Rupifi to launch an exclusive business credit card for micro, small and medium enterprises (MSMEs). Axis Bank said that the co-branded credit card, which is powered by Visa, will help the small and medium sized enterprises to carry out transactions on […]
Visa has acquired YellowPepper, a Miami-based digital financial solutions provider that caters to financial institutions and startups across Latin America and the Caribbean. The digital payments giant announced the acquisition in October 2020. However, Visa did not disclose the financial terms of the deal, which marks its first of its kind in Latin America. Visa […]
Global Processing Services (GPS), a UK-based payments issuer processor backed by private equity firm Dunedin, has secured investment from digital payments giant Visa. The investment is expected to propel the global expansion of Global Processing Services, which works with fintechs, digital banks, and e-wallet providers such as Revolut, Starling Bank, and others. Joanne Dewar – […]
City Bank, a Bangladeshi private commercial bank, has joined forces with UK-based payments technology firm Compass Plus to launch an interoperable QR code payments solution in the Asian country. The QR code payments solution is said to bring together four major global payments networks in the form of American Express, Visa, Mastercard, and UnionPay, in […]
Visa acquisition of Plaid : Digital payments giant Visa has signed a $5.3 billion deal to acquire California-based fintech company Plaid as per the latest fintech industry news. Plaid is a network that enables people to link their financial accounts securely to the apps they use for managing their financial lives. The products of the […]
Payments technology giant Visa has launched Visa Everywhere Initiative (VEI) in India, a global innovation program to select fintech companies to solve the payment and commerce challenges of the future. Visa Everywhere Initiative has been designed to identify and collaborate with Indian fintech companies to create cutting-edge solutions to address digital payment challenges apart from […]
Global payment technology company Visa has made an undisclosed investment in Japanese fintech company Paidy, which offers instantly-issued post-pay credit services for eCommerce shoppers in Japan. Paidy said that the investment from Visa is part of its Series C funding round. For the same funding round, Paidy raised $55m in July with ITOCHU and Goldman […]