Visa unveils Singapore Innovation Center to advance payments systems

By Gloria Mathias

Visa has announced the opening of its transformed Singapore Innovation Centre, 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 Centre represents Visa’s vision for 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 in pioneering the future of smarter, more efficient, and more inclusive payment systems.

“At Visa, we’re bringing ideas to life in a way that’s truly unique to the Singapore Innovation Centre, a dynamic hub where we transform innovative concepts into practical solutions. We’re dedicated to helping businesses discover valuable insights early so they can stay ahead in the rapidly digitalizing payment landscape. 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,” said Stephen Karpin, President of Asia Pacific, Visa.

“The Visa Singapore Innovation Centre 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. We look forward to strengthening and expanding this close partnership with Visa and hope to encourage more global companies to undertake such activities in Singapore,” said Png Cheong Boon, Chairman, of the Singapore Economic Development Board.