Visa Inc. (V) said it has agreed to buy Prisma Medios de Pago S.A.U. and Newpay S.A.U. in Argentina from Advent International, strengthening its position in the country's digital payments ecosystem.
Prisma provides credit, debit and prepaid card issuer processing, while Newpay operates real-time payments services, the Banelco ATM network and the PagoMisCuentas bill payment platform.
The deal reflects Visa's strategy to expand digital payments adoption and modernize financial infrastructure in the region. Payway S.A.U., a merchant acquirer currently owned by Advent-managed funds, is not included in the transaction and will continue to operate independently.
The transaction is subject to customary closing conditions and is expected to close in Visa's fiscal second quarter of 2026.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.