Credit card giant Visa is acquiring Brazilian payments infrastructure startup Pismo for $1 billion in cash.

The deal is one of the biggest deals in the fintech sector this year, till date.

JSA advised and assisted Pismo Holdings on the India leg of Pismo Holdings on the deal.

The team was led by Rupinder Malik (Lead Partner), Gaurav Wahie (Partner), Sanchita Kumari (Senior Associate) and Akshat Rajoria (Associate)

Wilson Sonsini Goodrich & Rosati were Pismo’s international counsel on the transaction. The Wilson Sonsini Goodrich & Rosati team that advised Pismo on the transaction includes:

Corporate – Latin America

• Matt Squires

• Vanessa Jacob Heck

• Jose Corte-Real

• Laura Cossi

Mergers & Acquisitions

• Robert T Ishii

• Brendan Ripley Mahan

• Molly Manning

• Alejandra Gonzalez

• Robert Gunn

Skadden, Arps, Slate, Meagher & Flom LLP represented Visa Inc. on this deal.

Pismo Holding provides cloud-based payment processing platform to banks and financial institutions and has operations in Latin America, Asia Pacific and Europe.