Business · India Bureau
Visa's Pismo expands Indian footprint with eight live institutions
The core banking and card processing platform operated by Visa has gone live with eight financial institutions in India as it prioritizes the market for expansion. Pismo is exploring new use cases including credit lines on the Unified Payments Interface (UPI) to strengthen its position.
LSN India ·
Visa-owned Pismo, a core banking and payments processing platform, has achieved operational status with eight institutions across India, marking significant progress in its strategy to establish the country as a priority market for fiscal year 2027.
The platform, which provides core banking and card processing capabilities, is leveraging India's growing digital payments ecosystem to develop new financial products and services. Among its strategic initiatives is the exploration of credit line offerings on UPI, India's dominant real-time payments network, which would allow consumers to access credit during transactions.
India's expanding fintech sector and regulatory framework supporting digital financial innovation have positioned the country as a key growth opportunity for Pismo. The platform's focus on developing use cases tailored to the Indian market reflects broader industry trends toward integrated payment and credit solutions.
With eight institutions already operational, Pismo is positioned to scale further across India's banking and financial services sector. The expansion underscores growing investment by global payments companies in India's digital infrastructure and the increasing demand for modern core banking solutions among financial institutions seeking to modernize their technology infrastructure.