Circle Collaborates with Pismo and Visa to Launch Vietnam’s First AI-Powered PayLater Card

Key Terms

api-driven platform technical

An API-driven platform is a digital system that allows different software programs to communicate and share information easily through predefined rules. Think of it as a universal connector or translator that enables various applications to work together smoothly. For investors, such platforms can lead to faster innovation, better integration of services, and more flexible options for accessing and using data or tools.

paylater financial

Paylater is a service that allows consumers to purchase goods or services immediately and pay for them over time, often through installment plans or deferred payments. It matters to investors because it can influence consumer spending habits and debt levels, impacting the financial health of businesses and the stability of the broader economy. Think of it as buying now and paying later, similar to using a temporary loan to spread out costs.

neobank financial

A neobank is a type of bank that operates entirely online without physical branches, offering financial services through smartphones or computers. It provides a convenient, often lower-cost alternative to traditional banks, focusing on easy-to-use digital tools for managing money. For investors, neobanks represent innovative financial providers that can quickly adapt to changing technology and customer needs, potentially offering growth opportunities in the digital banking space.

microservices-based platform technical

A microservices-based platform is a way of building software systems by dividing them into small, independent parts, each responsible for a specific function. Think of it like a team of specialized workers, each handling a different task, working together to complete a project more efficiently. For investors, such platforms can offer greater flexibility, faster updates, and improved reliability, making them attractive for businesses aiming to innovate and adapt quickly.

cloud-native apis technical

Cloud-native APIs are digital tools that allow different software applications to communicate and work together seamlessly over the internet, using services hosted in the cloud. They enable flexible, scalable, and efficient integration of software components, which can lead to faster innovation and better user experiences. For investors, understanding cloud-native APIs helps gauge how companies can quickly adapt to changing technology needs and stay competitive in a digital economy.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Powered by Pismo’s API-driven platform, Circle is accelerating financial inclusion and setting a new benchmark for digital credit in Vietnam with its planned launch of PayLater cards in 2026

SINGAPORE--(BUSINESS WIRE)-- Visa, a world leader in digital payments, and Pismo today 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 groundbreaking initiative is possible through a strategic collaboration with one of Vietnam’s largest and most trusted commercial banks, ensuring robust compliance and market scale.

“Our mission is to deliver a seamless, rewarding and inclusive financial experience for Vietnamese consumers,” said Arnab Ghosh, Founder & CEO at Circle Asia Technologies. “Circle is fundamentally redesigning the financial experience for consumers in Vietnam. We believe that by starting with a truly modern credit product, we can build a deeper, more valuable relationship with our customers than traditional banks or debit-focused neobanks ever could. Working with Pismo and Visa enables us to innovate rapidly and offer unmatched convenience and security.”

“Our collaboration with Circle and Visa underscores how uniting modern core processing technology with trusted global payments capabilities enables new, more transparent, and more accessible consumer experiences. This collaboration further accelerates the momentum toward a smarter and more inclusive digital financial ecosystem,” says Varun Dudeja, Head of Business Development, APAC at Pismo.

“At Visa, we believe innovation in payments is key to unlocking financial inclusion and empowering consumers. Our collaboration with Circle and Pismo brings together advanced AI technology and Visa’s trusted global network to deliver secure, seamless, and personalized payment experiences for the Vietnamese market. We are proud to support Vietnam’s digital transformation and help set new standards for transparency, convenience, and security in financial services,” says Julie Hsiao, Head of Value-Added Services, Southeast Asia, Visa.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251203864256/en/

Press contacts:
Pismo
Patricia Bartuira – patricia.bartuira@pismo.io | press@pismo.io
+1 (786) 270-6253

Source: Visa Inc.