Feb 19 (Reuters) - Card giant Visa said on
Thursday it would buy payment platforms Prisma and Newpay from
private-equity firm Advent International, bolstering its
presence in Argentina.
The deal will help Visa fast-track the adoption of
technologies such as tokenization, biometric authentication and
intelligent risk tools for consumers and businesses across
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.
The terms of the transaction were not disclosed. The deal is
expected to close in the first quarter of 2026.
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by
Shilpi Majumdar)