Visa Inc. (NYSE:V) is one of the Best Dip Stocks to Buy According to Hedge Funds. On February 19, Visa Inc. (NYSE:V) announced that it has agreed to buy two key payment companies, including Prisma Medios de Pago and Newpay, from Advent International.
Management noted that these strategic acquisitions will boost the company’s presence in Argentina, where digital payments are growing rapidly. The acquisitions will help Visa dominate the market by combining the local presence of these companies with Visa’s global technology.
Prisma specializes in processing backend for credit, debit, and prepaid cards issued by banks. On the other hand, Newpay has the essential infrastructure, including the Banelco ATM network, along with real-time payment services, and the PagoMisCuentas platform.
Gabriela Renaudo, group country manager, Visa Argentina and Southern Cone, said:
As per the management, some of the key strategic benefits of these deals include the rapid rollout of cutting-edge features in Argentina, such as tokenization, biometric authentication, and agentic commerce solutions.
The deal is still pending approval from shareholders and is expected to close in fiscal Q2 2026.
Visa Inc. (NYSE:V) offers digital payment services. Furthermore, it makes global commerce simpler by transferring information and value across a worldwide network of firms, financial institutions, government agencies, merchants, consumers, and key partners.
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Disclosure: None. This article is originally published at Insider Monkey.
