visa inc plans to acquire financialtechnology company pismo for 1 billion in cash the payments giant announced thursday “through the acquisition of pismo visa can better serve our financial institution and fintech clients with more differentiated core banking and issuer solutions they can offer their customers” visa v chief product and strategy officer jack forestell said in a release don’t miss banks face yet another risk this time from faster payments moody’s says visa also noted that the deal will help it provide support and connectivity for newer payment rails such as brazil’s pix pismo is a cloudnative issuerprocessing and banking platform that operates in latin america asiapacific and europe the company’s management team will stay on after visa acquires the business visa expects the deal to close by the end of 2023 see also visa names ea exec chris suh its next cfo bloomberg news reported earlier in june that advanced deal talks between the two companies were in progress more from marketwatch sofi’s stock surge is ‘overdone’ analyst warns