India, Aug. 4 -- Visa on Tuesday announced it has signed a definitive agreement to acquire BioCatch, a leading provider of behavioural-first, multi-signal fraud intelligence, from funds advised by Permira and other shareholders for $2.4 billion in cash.

The acquisition of BioCatch complements Visa's existing cyber, fraud, risk and security solutions and is expected to help clients better protect themselves and their customers from the growing threat of account takeovers, scams, money mules and application fraud.

Since its inception, BioCatch has developed innovative AI and machine learning-based solutions that analyse thousands of application, behavioral, device, and network signals-such as keystrokes, touch gestures, and device handlin...