Visa Outpaces Mastercard in Race to Acquire Pismo, Eyeing Greater Support for Emerging Payment Rails
Portfolio Pulse from Anusuya Lahiri
Visa Inc has agreed to acquire Pismo, a cloud-native issuer processing and core banking platform, for $1 billion in cash. The acquisition will enable Visa to provide core banking and issuer processing capabilities across various card types and support for emerging payment rails. The deal is expected to close by the end of 2023. Mastercard Inc was also in the race to acquire Pismo.
June 29, 2023 | 11:31 am
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NEGATIVE IMPACT
Mastercard was also interested in acquiring Pismo but lost out to Visa. This could potentially be a missed opportunity for Mastercard to enhance its capabilities.
Mastercard's failure to acquire Pismo could be seen as a missed opportunity to expand its services and capabilities, which could have a negative impact on its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Visa's acquisition of Pismo will enhance its capabilities in core banking and issuer processing, potentially strengthening its market position.
The acquisition of Pismo will allow Visa to expand its services and capabilities, potentially attracting more clients and increasing its revenues. This could have a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100