Visa's Pismo helps Vivi Money launch new financial platform. By PYMNTS | March 23, 2026 Australian FinTech Vivi Money has debuted a financial platform built on infrastructure from Visa-owned Pismo. The new offering is connected to Visa's global payments network, and includes Visa debit card and savings products, per a report Friday (March 20) from the website eCommerce News. "Supporting both debit cards and savings products on a single, cloud-native platform showcases the full strength of our architecture," said Varun Dudeja, head of business development, APAC, Pismo. "Vivi Money is building the future of personal finance, and they need a platform to enable flexibility, agility and the reliability of enterprise-grade core banking." Vivi said the platform combines open banking data, transaction accounts, savings accounts and AI-led financial analysis into a single service, the report added. Customers can connect accounts, loans and savings held at other institutions, letting the platform assess cash flow, liabilities and interest costs in real time. The product suite is launching with globally accepted Visa debit card, foreign exchange pricing for travelers, and high-interest savings accounts, the report said. At the centre of Vivi's model is open banking data, which brings multiple financial relationships into a single view. Vivi said the system can then identify repayment options, savings balances and cash allocations that may better suit a customer's position. Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks! The report notes that this puts Vivi in a growing number of FinTechss aiming to go beyond budgeting tools and account aggregation to focus on direct action on customers' behalf. For Pismo, the report continued, the deal gives the company a chance to expand its work in Australia and New Zealand, where it is courting banking and FinTech customers hoping to overhaul their systems. Visa acquired Pismo for $1 billion in January 2024, saying the combined company would provide clients with core banking and card-issuer processing capabilities across all product types via cloud-native application programming interfaces. Earlier this month, Visa appointed one of its executives, Leonardo J. Collado, to lead Pismo. He succeeds Vishal Dalal, who has served as general manager of Pismo since 2021 and chose to leave Visa to pursue an entrepreneurial opportunity. Andrew Torre, president of Visa's value-added services division, discussed some of the benefits of the company's relationship with Pismo in an interview with PYMNTS CEO Karen Webster published Monday. "One of the constraints we've seen is a lot of customers using their legacy, whether it's in-house or another issuer processing stack. It's complicated to deploy," Torre said, noting that Pismo has served as a gateway for clients to access Visa's services. "We've been winning deals in Pismo to simply launch some of our new solutions," he added.

SEA neobank circle Asia to launch Vietnam's AI paylater card. Circle Asia Technologies plans to launch Vietnam's first AI-powered PayLater card in early 2026 through a partnership with Visa and Pismo. The new card will use Pismo's API-based platform to offer instant credit approval, flexible installment options, and virtual payments without requiring a bank account. Circle says it aims to address Vietnam's low credit card adoption by using AI to assess risk and underwrite customers within five minutes. The rollout will be supported by a local commercial bank to meet compliance standards. Visa acquired Pismo in 2024, and the collaboration leverages Visa's payments infrastructure with Pismo's cloud-native technology. The initiative is intended to expand access to credit and digital payments in Vietnam. Food for thought. Vietnam's buy now, pay later surge comes from mainstream adoption and credit access. * BNPL use in Vietnam rose from 17% in 2022 to 49% in 2025, with strong pickup among 25-34s and women 1. Low credit card penetration and credit access still matter 2. Many shoppers pick installments for flexibility. * BNPL has moved from alternative credit to a mainstream payment that influences purchase decisions like discounts or free shipping 1. Circle's AI-powered card arrives in a market where flexible payments are expected. * Digital payments reached nearly $24 billion in 2024, and 95% of customers used some cashless method 3. Buyers want choice and convenience at checkout. E-commerce platforms and checkout providers can lift conversion with embedded BNPL. * For merchants and payment service providers in Vietnam, flexible payments now move conversion alongside shipping costs 1. Shopee, Lazada and Tiki fuel electronic payments 3. Put installments in clearer view to raise completed orders. * Vietnam's BNPL market is on track to hit $2.6 billion in 2025, up 36.8% year over year 3. Checkout Software-as-a-Service firms and payment gateways can integrate multiple BNPL providers, then A/B test (run randomized experiments comparing two options) for each segment. * MoMo, a popular Vietnamese e-wallet app, offers installments with up to 45 days delayed payment 3. Payment apps can add BNPL features to raise transaction frequency and basket size. How would you feel if you could no longer use Tech in Asia?