Visa to acquire Prisma Medios de Pago and Newpay in Argentina, no terms

Visa (V) announced that it has entered into a definitive agreement to acquire Prisma Medios de Pago and Newpay in Argentina from Advent International. Prisma provides credit, debit and prepaid card issuer processing. Newpay is a multi-network infrastructure provider that operates real-time payments services, the Banelco ATM network and the bill payment platform PagoMisCuentas. The transaction is subject to closing conditions and is expected to close in Visa’s fiscal second quarter of 2026. Payway is not part of this transaction and will remain owned by funds managed by Advent International, continuing to operate independently as a merchant acquirer.