Visa announced today it has completed its acquisition of Pismo. With the transaction complete, 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.
The Pismo platform will also enable Visa to provide support and connectivity for emerging payment schemes and RTP networks for financial institution clients.
“Core banking and issuer solution capabilities are key offerings for many of the clients that our financial institution and fintech partners serve,” said Jack Forestell, Chief Product and Strategy Officer at Visa. “With the combination of Visa and Pismo, we can now broaden these offerings and better serve the ecosystem.”
“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 of Pismo.
Pismo will retain its current management team led by Ricardo Josua.
