Singapore – Visa has established six global capability hubs at a new Solution Center in Singapore, focusing on agentic AI, next-generation payments, cybersecurity and quantum computing.
The hubs, based at Paya Lebar Green, will develop technologies and solutions for deployment across Visa’s global network, the company said on 5 November.
The centre will bring together more than 1,500 professionals across technology, product, cybersecurity, engineering and innovation. Visa also plans to develop further specialised research, engineering and innovation roles in AI, cybersecurity and quantum technologies.
Rajat Taneja, President, Technology, Visa, said, “We’re entering an extraordinary period of commerce innovation, driven by AI, digital money and other emerging technologies. Turning that promise into progress requires technology people and businesses can trust. Our expanded presence in Singapore will bring together great talent, deep expertise, and trusted infrastructure to build new commerce experiences around the world.”
The hubs span three strategic domains, beginning with artificial intelligence and commerce. One will focus on applied AI for payments and fintech use cases, while another will examine how AI agents can securely interact with merchants, consumers and payment networks.
Next-generation payments form the second domain. One hub will research digital money, stablecoins and programmable payments, while a second will study wallets and alternative payment methods across multiple rails and networks.
The third domain, trust, security and resilience, will cover cybersecurity and quantum computing. The cybersecurity hub will target resilience across increasingly complex digital ecosystems, while the quantum team will research financial applications and prepare for a quantum-secure future.
Stephen Karpin, Regional President, Asia Pacific, Visa, said, “Singapore is increasingly where the future of commerce is being built. Many of the world’s most complex questions around payments innovation, digital money, AI and trust are being solved in Asia Pacific. By bringing these capabilities together in Singapore, we are creating a hub that can develop globally relevant solutions while supporting Singapore’s continued leadership in technology and innovation.”
Teams at Paya Lebar Green will work with partners across academia, government, financial institutions and the fintech ecosystem, including AXS, DBS, DCS, FOMO Pay, Nium, and StraitsX. Visa is also taking part in the Monetary Authority of Singapore’s BLOOM (Borderless, Liquid, Open, Online, Multi-currency) initiative and engaging academic and research institutions on emerging technologies, including quantum computing.
Beng Kong Pee, Executive Vice President, Singapore Economic Development Board, said, “Visa has been a long-standing partner with Singapore for over four decades. Visa’s latest investment in six global capability hubs here will create new high-value jobs for Singaporeans. It will also bolster Singapore’s role in developing innovative financial products and solutions in areas such as agentic commerce and quantum.”
Visa says Singapore has played a central role in its work across Asia Pacific for nearly five decades. Through the expansion of its research, product development and engineering capabilities in the city-state, the company aims to accelerate technologies built locally and deployed across its global network.
