On 28 June 2023, Visa announced it had signed a definitive agreement to acquire Pismo for $1 billion in cash. Together, we will be positioned to better serve our clients with more differentiated core banking and issuer solutions.
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Common Questions
Will Pismo continue to work with other payment rails and networks?
Yes. Pismo is and will remain rail and network agnostic.
Will Pismo continue to offer the same products and services?
Pismo will continue all current operations. We remain committed to offering products across banking, cards, and loans.
Will there be any changes to the Pismo management?
Pismo’s founders and management team will continue to lead the business.
How does this acquisition impact Pismo’s global expansion?
Visa provides us with unrivalled support to expand our footprint globally and help shape a new era for banking and payments.
When will the deal be closed?
The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close by the end of 2023.
