Visa recently made an announcement regarding a definitive agreement to acquire Prisma Medios de Pago and Newpay in Argentina. This acquisition is a strategic step to change the digital payments environment in the region. The global leader acquired the platforms from Advent International. As a result, Visa intends to combine its global network with local knowledge.
Prisma currently handles issuer processing for the credit and debit cards of millions of consumers. On the other hand, Newpay handles critical real-time payment services and the Banelco ATM network. These platforms also handle the popular PagoMisCuentas bill payment service. Therefore, the acquisition will give Visa a strong base in the region.
Strengthening Argentina’s Digital Payments Infrastructure
The company anticipates finishing the acquisition in the second quarter of 2026. However, this is dependent on standard closing conditions. Interestingly, Advent will retain control of Payway, which is currently operating independently. Visa plans to adopt new technologies such as tokenization and biometrics. These technologies will significantly enhance security for Argentine consumers. Furthermore, this acquisition is also encouraging the modernization of the financial infrastructure of the country.
“This acquisition is an important step for Visa in Argentina, strengthening our client partnerships and advancing innovation across the payments ecosystem,” said Ryan McInerney, CEO of Visa. “By bringing together Prisma’s and Newpay’s deep local expertise with Visa’s global solutions and technology, we will empower our clients to make payments simpler, faster, and more secure for consumers and businesses.”
“We see significant opportunities to expand digital payments adoption and modernize financial services, capabilities, and infrastructure across the country,” said Gabriela Renaudo, Group Country Manager, Visa Argentina and Southern Cone.“This investment reflects Visa’s commitment to contribute to Argentina’s growth and enhance its competitiveness in global commerce.”
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News Source: Businesswire.com
