"Visa 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."

"Visa today announced it has signed a definitive agreement to acquire Pismo, a cloud-native issuer processing and core banking platform with operations in Latin America, Asia Pacific and Europe, for $1 billion in cash."

"Visa has upped its offer for Pismo, a cloud-based banking and payments platform for banks, to $1.4B from its original offer of $1B, Valor Economico reported, citing two people familiar with the matter. In Brazil, Pismo, which is backed by Amazon and SoftBank, provides cloud infrastructure for banks such as Itaú , BTG+, Pactual's retail platform and part of Citi. It has been expanding globally, most recently into India and Singapore. Valor reported that Visa is in competition with at least one other potential party."