DEAL: Visa to acquire 20% stake in Interswitch, valuing it at $1 billion

Visa is set to acquire a 20% stake in Interswitch, a deal which will see Interswitch become Africa’s latest technology ‘unicorn’. Visa is thought to be paying $200 million, valuing Interswitch at about $1 billion (N360 billion). Helios bought 52…