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‘Visa’s emerging stake in Nigeria’s Interswitch’ll push valuation to $1bn’

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.