Though details have remained scanty, strong indications have emerged that Visa Inc plans to acquire a “significant minority” stake in payments platform Interswitch, the Nigeria-based company said on Tuesday.
International media reports that the acquisition deal may be a 20 per cent stake for 200 million dollars, which would give the company a valuation of one billion dollars — putting it in the tech-world “unicorn” status for companies that have a billion-dollar valuation.
