Advent International, a global private equity investor, announced on Thursday that it has entered into a definitive agreement to sell Prisma and Newpay to Visa Inc. (NYSE:V).
Both companies are subsidiaries of Group Prisma, a major player in the Argentine payments sector.
Strategic Transformation and Separation
During its period of ownership, Advent oversaw a strategic transformation that divided Group Prisma into three independent platforms: Prisma, Newpay, and Payway.
Under the terms of the deal, Visa will acquire Prisma and Newpay, while Advent will retain ownership of Payway, the group’s merchant acquiring arm.
Infrastructure and Market Reach
According to the company, Prisma serves as a critical issuer processing platform in Argentina, handling over six billion transactions annually for the country’s top banks.
Newpay provides essential infrastructure for real-time account-to-account payments, interoperable QR payments, and manages the Banelco ATM network along with the electronic bill payment service PagoMisCuentas.
Outlook for Payway
As a standalone entity, Payway will focus on high-value merchant solutions, including instant payments, fraud security, and embedded financial services.
Martin Kaplan, CEO of the Group, will continue as Payway’s CEO. Kaplan stated, “We’re thrilled to continue working with the Advent team, and see significant long-term potential in Payway as a standalone platform.”
Advent has a deep history in the payments sector, having committed $9.4 billion to eighteen payments companies globally since 2008. The deal is subject to customary closing conditions and is expected to close in the first quarter of 2026.
V Price Action: Visa shares were down 1.28% at $316.19 at the time of publication on Thursday, according to Benzinga Pro data.
Image by Klochkov SCS via Shutterstock
Recent Comments