Saturday, January 25, 2025 Visa and DealMe partner to offer cross-border installment payments, providing Vietnamese and global consumers with flexible shopping options at top international merchants. Visa, a leading entity in digital payment solutions, has partnered with fintech innovator DealMe to cater to the growing needs of cross-border shoppers and the demand for more adaptable payment methods. This partnership will launch services that allow card installment payments internationally, enhancing the purchasing power of consumers from Vietnam and globally.
Vietnamese holders of Visa credit cards will soon benefit from instant installment plans when shopping at major South Korean retailers. This development promises to simplify payments for travelers, aligning with Visa’s findings that 75% of Vietnamese survey participants intend to travel for leisure in the coming year, with South Korea as the preferred destination for 18% of them. This service will be available in various South Korean venues, including duty-free shops, department stores, and healthcare facilities.
The alliance between Visa and DealMe marks a significant step in offering installment payments at international points of sale, a feature previously not offered. Consumers using their Visa cards at eligible merchants will have the option to select an installment period that suits their financial needs, enhancing their shopping experience. Following a Memorandum of Understanding signed in November 2024 with Vis.