Visa Completes Acquisition of Prisma and Newpay

Visa Closes Prisma and Newpay Acquisition to Expand in Argentina

Visa completed its acquisition of Argentina-based companies Prisma and Newpay, eight days after announcing that it planned to do so. The company said Feb. 19 that it entered into a definitive agreement to acquire the firms and expected the transaction to close during the current quarter, subject to closing conditions. Visa said in a Friday (Feb. 27) press release that it completed the acquisition, though the transaction remains subject…

Visa stock steadies after Argentina deal closes, with hot U.S. inflation data in focus

Visa shares slipped 0.1% to $316.37 after the company said it completed its acquisition of Prisma Medios de Pago and Newpay in Argentina. The deal remains subject to regulatory review. U.S. wholesale inflation data weighed on equities, with producer prices rising more than expected in January. Investors await Visa’s next earnings report on April 28. The post Visa stock steadies after Argentina deal closes, with hot U.S. inflation data in focus a…

Visa closes acquisition of Prisma and Newpay

Visa Inc (NYSE:V) today announced it has completed its acquisition of Prisma Medios de Pago S.A.U. and Newpay S.A.U. in Argentina.

Visa buys Argentina payments rails behind ATMs, bills and real-time transfers

Deal folds Prisma’s card processing and Newpay’s real-time, ATM and bill-pay networks into Visa, aiming to speed and secure payments for millions in Argentina.

Visa Completes Acquisition of Prisma and Newpay