Visa, Pismo and credit-led neobank Circle Asia Technologies have announced a partnership to introduce an AI-powered PayLater card in Vietnam.
The new product, described as Vietnam’s inaugural AI-powered PayLater card, is set for phased release starting early 2026.
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The card is designed to address the obstacles that have limited credit card adoption in the country.
The AI-powered PayLater card is said to enable users to build credit histories, receive instant approvals, make payments worldwide, and manage their finances with enhanced security.
Notably, the card will be available without the requirement for a traditional bank account.
Circle employs AI modelling to assess risk and provide customers with an active virtual credit card, including flexible instalment options through Circle PayLater, in less than five minutes.
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By GlobalDataCircle Asia Technologies CEO and founder Arnab Ghosh said: “Our mission is to deliver a seamless, rewarding and inclusive financial experience for Vietnamese consumers.
“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.”
Pismo, which was acquired by Visa in 2024, continues to operate as a network-agnostic provider, maintaining support for various card networks.
Pismo APAC business development head Varun Dudeja said: “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.”
Visa Southeast Asia value-added services head Julie Hsiao said: “Our collaboration with Circle and Pismo brings together advanced AI technology and Visa’s trusted global network to deliver secure, seamless, and personalised 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.”
