Deals
Visa Nearing Deal for Brazil Payments Provider Pismo, Sources Say
- An agreement could be announced as soon as this month
- Payment, banking company could be valued at $1 billion
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Visa Inc. is in advanced talks to acquire Pismo, a Brazilian financial technology firm that provides cloud-based payment and banking platforms, according to people familiar with the matter.
Visa could announce a deal as soon as this month for the Sao Paulo-based company, said the people, who asked to not be identified because discussions aren’t public. A final agreement hasn’t been reached and talks could still fall through, they added.