Morrison & Foerster is advising Visa Inc., the world leader in digital payments, in connection with its acquisition of a minority equity stake in Interswitch Limited, a leading Africa-focused integrated electronic payments and ecommerce company. The acquisition and underlying partnership will make Interswitch one of the few “unicorn” FinTech companies in Africa and further advance the digital payments ecosystem across the continent.
The MoFo team advising Visa is led out of London by Corporate partner Andrew Boyd, and includes Corporate of counsel Simon Arlington, and associates Jennifer Buckby, William Akman, and Patrick Barrett. The wider deal team includes partner Alistair Maughan and associate Sana Ashcroft (London, Technology Transactions); of counsel Yulia Makarova (London, Corporate/Financial Regulation); Brussels partner Tom McQuail, and associates Guillermo Arribas Floría and Aniek Schadd (Antitrust); London partner Trevor James and London associate Kirsten Banks, San Francisco partner Bernie Pistillo, New York partner Anthony Carbone and associate Katherine Erbeznik (Tax); London partner Annabel Gillham and associate Lara Sirimanne, and Brussels associate Marta Hovanesian (Employment/Data Privacy); San Francisco partner Stacey Sprenkel, New York partner Marc-Alain Galeazzi, and London of counsel Saqib Alam (Compliance).
The transaction is subject to relevant regulatory approvals.