Visa and Pismo jointly announced a strategic collaboration with Circle Asia Technologies, a pioneering credit-led neobank in Southeast Asia, to unlock credit for millions in Vietnam. This will enable Circle to launch the nation?s first truly AI-powered PayLater card aiming to set new standards for transparency, personalization, and user experience in the financial industry. Scheduled for a phased rollout in early 2026, the card is being engineered to dismantle the barriers that have led to Vietnam?s low credit card penetration.
Powered by AI, it will offer users a seamless way to build credit with instant approval, make payments globally and manage their finances with unprecedented ease and security bypassing the need for a bank account. Using AI modeling, Circle can determine risk and underwrite a customer with an active virtual credit card, that also offers flexible installment features as part of Circle PayLater, in under 5 minutes. This initiative is possible through a strategic collaboration with one of Vietnam?s and most trusted commercial banks, ensuring robust compliance and market scale.
Pismo delivers a robust API and microservices-based platform designed for continuous innovation and resilient performance. Acquired by Visa in 2024, Pismo remains network-agnostic, continuing to work with multiple card networks. The integration of Pismo?s technology with Visa?s global infrastructure is accelerating the modernization of core banking and payment capabilities through cloud-native APIs?empowering financial institutions and fintechs to scale rapidly and offer advanced value-added services.
