Visa to acquire a majority stake in Prosa.

Visa, a payment card services corporation, agreed to acquire a majority stake in Prosa, a payments processor. Financial terms were not disclosed. “Technology and innovation are the foundation of our business and at the core of what we do. As such, this investment is part of our ‘network of networks’ strategy where we leverage best-in-class technologies from around the world to complement our own. With the enhanced technology infrastructure provided by Visa’s global payments network, we are setting the groundwork to develop new, innovative ways to pay and be paid for consumers and small businesses alike alongside local issuers and acquirers in Mexico," Eduardo Coello, Visa Regional President for LATAM and the Caribbean.