Credit card giant Visa announced Thursday its plans to acquire two payment processing companies, Prisma and Newpay, from private equity firm Advent International in a move designed to strengthen its operations in Argentina.
The acquisition is intended to accelerate the implementation of advanced payment technologies including tokenization, biometric authentication, and sophisticated risk management tools for both consumers and businesses throughout Argentina.
“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.
Financial details of the acquisition were not revealed. The transaction is anticipated to be completed during the first quarter of 2026.
