Service Management

New acquisitions expected to enhance Visa’s services in Argentina

Payment giant Visa says it has entered into a definitive agreement to acquire two payment-related companies in Argentina – Prisma Medios de Pago and Newpay – from global private equity investor 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.

Upon closing of the deal, says Visa, the combined technology platforms of Prisma and Newpay, together with Visa’s global network and value-added services, will accelerate the deployment of advanced technologies such as tokenisation, biometric authentication, intelligent risk tools and agentic commerce solutions.

It says that these end-to-end capabilities will improve services from issuers and enhance speed and security for consumers, while delivering agnostic processing that supports any card brand processed by Prisma and all payment methods offered by Newpay.

Ryan McInerney, CEO of Visa, calls the acquisition an important step for Visa in Argentina, explaining: “By bringing together Prisma’s and Newpay’s deep local expertise with Visa’s global solutions and technology, we will empower our clients to make payments simpler, faster, and more secure for consumers and businesses.”

Gabriela Renaudo, Group Country Manager, Visa Argentina and Southern Cone adds: “We see significant opportunities to expand digital payments adoption and modernise financial services, capabilities and infrastructure across the country.”



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