Visa sets up six global tech hubs in Singapore, with 1,500 staff at new Paya Lebar centre
Technologies and solutions developed in the Republic will be deployed across its global network
Visa, the global payments giant, is establishing six hubs in Singapore to develop expertise in cutting-edge technologies as the payments industry evolves. The new Paya Lebar Green centre will house approximately 1,500 employees focused on agentic artificial intelligence, next-generation payments, and trusted commerce. The specific number of these roles being newly created is unknown.
Visa's president for technology, Rajat Taneja, highlighted the firm's entry into a transformative period of commerce innovation driven by AI, digital money, and other emerging technologies. The new Singapore hub will focus on three key areas: AI, next-generation payments, and cybersecurity to bolster resilience in complex digital ecosystems.
The Economic Development Board expects this investment to generate high-value jobs for Singaporeans and strengthen the country's role in creating innovative financial products and solutions, such as agentic commerce and quantum technologies. This announcement comes after Visa announced job cuts of around 2,600 employees, or 7% of its global workforce, in July to enhance efficiency and invest in its most promising opportunities.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
