Visa (NYSE:V) today announced it has completed its acquisition of Pismo – a global cloud-native issuer processing and core banking platform.

The Aussie payments and cashflow solutions company selected the cloud-based platform to speed up innovation and expand its market presence

The Australian payment solutions provider reaches more than 150 merchants running on Pismo

Grow, the fastest-growing company in Australia in 2020-21 according to The Australian Financial Review’s Fast 100 list, becomes Pismo’s first Aussie client

Visa announced it has signed an agreement to acquire Pismo, a cloud-native core banking and card issuing platform, for $1 billion

The cloud-native API-based solution offers embedded experience for BNPL, reduces costs and time-to-market