Visa Inc. has agreed to acquire Prisma and Newpay, two key payment infrastructure subsidiaries operated by Group Prisma under Advent International's ownership. The transaction represents a strategic expansion of Visa's presence in Latin America's payment processing ecosystem, particularly in Argentina where Prisma maintains significant market infrastructure.
Prisma operates as a critical issuer processing platform in Argentina, processing more than 6 billion transactions annually and serving as a central hub for card-based payment transactions in the country. Newpay complements this operation by providing real-time payment services and managing the Banelco ATM network, which represents essential components of Argentina's broader payment infrastructure. The combined operations position Visa to strengthen its control over multiple layers of the payment value chain in the region.
Advent International will retain ownership of Payway, the merchant acquiring division, following the transaction. The acquisition is expected to close during the first quarter of 2026, subject to customary closing conditions and regulatory approvals. The deal underscores continued consolidation among global payment processors seeking to deepen their operational footprint in emerging markets.