Visa Acquires Fintech Startup Pismo For 1 Billion Dollars

VISA acquires Pismo news: Credit card major Visa (VISA) has acquired cloud-native issuer processing and core banking platform Pismo for $1 billion in cash. Pismo has operations in Latin America, Asia Pacific and Europe. Fintech startup Pismo has some customers in India, South East Asia and Australia as well. With the acquisition, Visa will be in a position to provide core banking and issuer processing capabilities across debit, prepaid, credit and commercial cards for customers through cloud native application programming interfaces (APIs). Customers will get good service Jack Forrestel, Visa’s…

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