Visa Nears Deal To Scoop Brazil Payments Provider Pismo
Portfolio Pulse from Anusuya Lahiri
Visa is in advanced talks to acquire Brazilian cloud-based payment and banking platform provider Pismo, with a potential deal announcement by June. The acquisition is worth $1 billion, and Pismo had previously raised $108 million from investors including SoftBank and Amazon.
June 09, 2023 | 11:43 am
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POSITIVE IMPACT
Visa is close to acquiring Pismo, a Brazilian payment platform provider, for $1 billion, potentially expanding its services and market reach.
The acquisition of Pismo would allow Visa to expand its services and market reach in Brazil, a growing market for digital payments. This could potentially increase Visa's revenues and strengthen its position in the market, leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Amazon was an investor in Pismo, which is now being acquired by Visa for $1 billion.
Amazon was an investor in Pismo, but the acquisition by Visa is unlikely to have a significant direct impact on Amazon's stock price in the short term, as it is a small part of Amazon's overall business.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 25
NEUTRAL IMPACT
SoftBank, an investor in Pismo, could benefit from the company's $1 billion acquisition by Visa.
SoftBank was an investor in Pismo, but the acquisition by Visa is unlikely to have a significant direct impact on SoftBank's stock price in the short term, as it is a small part of SoftBank's overall investment portfolio.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 25
NEUTRAL IMPACT
SoftBank, an investor in Pismo, could benefit from the company's $1 billion acquisition by Visa.
SoftBank was an investor in Pismo, but the acquisition by Visa is unlikely to have a significant direct impact on SoftBank's stock price in the short term, as it is a small part of SoftBank's overall investment portfolio.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 25
NEGATIVE IMPACT
Mastercard was among the firms contending to acquire Pismo, but Visa is now in advanced talks for the acquisition.
Mastercard was competing with Visa to acquire Pismo, but now Visa is in advanced talks for the acquisition. This could be seen as a missed opportunity for Mastercard to expand its services and market reach in Brazil, potentially leading to a negative short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50