Visa has completed its acquisition of Pismo – a global cloud-native issuer processing and core banking platform.
In brief:
- The combination of Visa and Pismo will provide clients with core banking and card-issuer processing capabilities across all product types via cloud native APIs.
- Pismo’s platform will also enable Visa to provide support and connectivity for emerging payment schemes and RTP networks for financial institution clients.
- Chief Product and Strategy Officer at Visa, Jack Forestell said.“With the combination of Visa and Pismo, we can now broaden these offerings and better serve the ecosystem.”
What does this mean?
"The combination of Visa and Pismo will enable our clients to launch innovative payments and banking products within a single cloud-native platform regardless of network, geography, or currency. The closing marks a new era for banking and payments,” said Ricardo Josua, Co-Founder and CEO, Pismo.
