Visa and DealMe Partner to Enable Cross-Border Instalment Payments

Visa has partnered with fintech company DealMe to introduce a cross-border instalment payment service for Vietnamese travelers shopping in South Korea, according to Finextra. This collaboration will allow cardholders with locally issued Visa credit cards in Vietnam to access real-time instalment offers at major merchants in South Korea.

According to Visa’s data, 75% of Vietnamese consumers are planning to travel for leisure in the upcoming year, with South Korea emerging as the top choice—18% of respondents indicating plans to visit.

At participating locations such as duty-free shops and department stores, Vietnamese shoppers will be able to check their card eligibility for the instalment payment service at the time of purchase.

Currently, DealMe is piloting the service in South Korea but has ambitions to expand into other key markets, including the United States, Australia, Japan, and Singapore.

Kim Tae Hong, Senior Vice President at DealMe, expressed enthusiasm about the collaboration, stating: «We are delighted to partner with Visa to enable card instalment payment on cross-border transactions. This gives consumers an additional payment option when traveling overseas.»

This initiative marks a significant step in enhancing payment flexibility for international shoppers, making transactions more convenient and accessible for Vietnamese travelers abroad.