Brazil-based banking and payment software provider Pismo will be acquired by Visa for $1 billion in cash. The transaction is expected to close by the end of 2023.
Pismo received $118 million in two rounds of funding (2016 and 2021) from investors including Accel Partners, Amazon and Softbank.
Total volume—purchases of goods and services combined with cash advances and withdrawals—was $40.645 trillion in 2022, a local currency percentage increase of 4.4% over 2021.
Beginning January 1, 2028, card manufacturers worldwide will be required to produce new Mastercard brand cards from recycled or bio-sourced materials.
Visa, Mastercard, American Express and Diners Club credit, debit and prepaid cards issued in Latin America and the Caribbean (LA&C) generated $1.207 trillion in purchase volume in 2022, up 33.9% on a local currency basis versus 2021.
The range of services available from Kount 360 help identify, prevent and respond to attempted fraudulent transactions.
Stables, an Australia-based digital wallet provider, has partnered with Marqeta to offer a Mastercard prepaid card. Users can convert digital assets into fiat currency for retail spending. TBD, a Block-owned developer platform focused on digital currencies, has partnered with Yellow Card, a digital currency exchange that operates in 16 African countries. In March, the companies […]
There were 54 acquisitions and financing deals in payment cards last year in 13 countries.
NewNet’s cloud-native software handles most of the basic network functions required for payment processing.
Brazil’s central bank announced it would launch a CBDC pilot, with public testing taking place at the end of 2024. Bybit, a digital currency exchange, launched a Mastercard debit card for customers in Europe. Users will be able to spend from several digital currencies with automatic conversion to fiat at the point of sale, as […]
Since January 2022 there have been 39 transactions in the buy now, pay later (BNPL) industry in 20 countries. Among those transactions, 35 were investments or credit facility deals and 4 were acquisitions. The acquisitions were: UK-based Zopa Bank acquired UK-based BNPL provider DivideBuy, Japan-based MUFG Bank acquired 70% of Japan-based BNPL provider Kanmu, FinAccel […]
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