Visa, a world leader in payments, today announced the opening of its transformed Singapore Innovation Center, a dedicated space for partners, clients and businesses in Asia Pacific.
As the payments landscape evolves rapidly, the centre enables stakeholders to engage with Visa technologists to co-create payment solutions ahead of demand, deliver scalable innovation, and address the biggest challenges and opportunities in digital payments in the region.
The Visa Singapore Innovation Center represents Visa’s vision of shaping tomorrow’s payment possibilities.
Showcasing the transformative power of technologies like artificial intelligence (AI) in retail and payments, and reimagining modern credentials for enhanced security and convenience, it also serves as a springboard for thought leadership in decentralised and embedded finance, offering tailored solutions for businesses and fostering innovative collaborations with startups.
The transformed centre exemplifies Visa’s commitment and investment to pioneering the future of smarter, more efficient, and inclusive payment systems.
“At Visa, we’re bringing ideas to life in a way that’s truly unique to the Singapore Innovation Center, a dynamic hub where we transform innovative concepts into practical solutions. We’re dedicated to helping businesses discover valuable insights early so they continue to stay ahead in the rapidly digitalising payments landscape,” said Stephen Karpin, President, Asia Pacific, Visa.
“By combining our expertise with cutting-edge technology and solution architecture, we work alongside our partners to materialise solutions that address payment challenges, driving real business value and growth for our clients,” he said.
“The Visa Singapore Innovation Center deepens the longstanding partnership between Visa and Singapore, and enables Visa to tap into our vibrant innovation ecosystem to develop new solutions and create new business opportunities for the global market,” said Png Cheong Boon, Chairman, Singapore Economic Development Board.
“We look forward to strengthening and expanding this close partnership with Visa and also hope to encourage more global companies to undertake such activities in Singapore,” he added.
Payments innovation designed to drive greater business impact
Visa’s Singapore Innovation Center is at the forefront of developing advanced payment technologies, with a sharp focus on delivering significant business benefits.
In its role as a pivotal partner in early product development, the centre offers essential insights that influence and inform the early stages of product development, helping to identify potential growth opportunities alongside clients.
