Visa to Acquire Prisma and Newpay in Argentina

Visa plans to acquire two Argentina payments platforms, Prisma and Newpay, from private equity firm Advent International. Visa said it entered into a definitive agreement and expects the transaction to close during the current quarter, subject to closing conditions.

Prisma provides credit, debit and prepaid card issuer processing, while Newpay operates real-time payments services, an ATM network, and a bill payment platform. Visa expects the combined platforms to accelerate deployment of tokenization, biometric authentication, intelligent risk tools, and other advanced technologies across Argentina.

Visa’s CEO Ryan McInerney said the acquisition strengthens client partnerships and advances innovation across the payments ecosystem. Advent said Prisma and Newpay are subsidiaries of Group Prisma, which was transformed under Advent ownership into three independent platforms.