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Visa seeks majority stake in Mexico payments processor

December 15, 2023

San Francisco-based Visa has actively engaged in building out its international network over the past decade, and the company’s new chief executive, Ryan McInerney, is likely to continue spearheading that effort, given his past work building the brand globally. He was promoted to the top post last year and became CEO in February.

In June, Visa said it planned to buy the Brazilian digital card-issuing and banking services company Pismo for $1 billion in cash, according to a press release, noting the acquisition would help extend its digital payments and banking services internationally.

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