Visa Inc plans to acquire a 'significant minority' stake in payments p...
) plans to acquire a “significant minority” stake in payments platform Interswitch, the Nigeria-based company said on Tuesday.
That would value Interswitch at $1 billion, giving it “unicorn” status - a term for tech companies with a valuation of a billion dollars or more. Interswitch has long been expected to launch an initial public offering to allow the original investors to offload part of their stakes in the company.
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