Visa sets up 6 global tech hubs in Singapore, with 1,500 staff at new Paya Lebar centre
The technologies and solutions developed in the Republic will be deployed across Visa’s global network.
Visa, the digital payments company, has announced the establishment of six technology hubs in Singapore to advance its presence in emerging technologies. This move comes as the payments industry evolves, and Visa aims to leverage artificial intelligence, next-generation payments, and trusted commerce in its operations. The new Paya Lebar Green centre will house approximately 1,500 employees, though the number of new roles is unknown.
Visa's president for technology, Rajat Taneja, emphasized the significance of the technology and solutions developed in Singapore, highlighting the company's commitment to innovation in AI, digital money, and other emerging technologies. The expanded hub will focus on three key areas: AI, next-generation payments such as digital money and stablecoins, and cybersecurity to strengthen resilience in digital ecosystems.
Visa's investment in Singapore's technology sector is expected to create high-value jobs for Singaporeans and bolster the country's role in developing innovative financial products and solutions.
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