Visa has announced six global capability hubs at its new Solution Center in Paya Lebar Green, Singapore, covering AI, next-generation payments, cybersecurity and quantum computing.

Three Areas of Work

• AI and commerce: applying AI to payments and fintech, and exploring how AI agents could securely interact with merchants, consumers and payment networks.
• Next-generation payments: researching digital money, stablecoins and programmable payments, and developing wallets and alternative payment methods across different networks.
• Trust, security and resilience: strengthening cybersecurity for complex digital systems, and researching quantum computing for finance and preparation for quantum-secure payments.

Local Partners and Government Support

Visa said its teams will work with partners in academia, government, banks and the fintech sector. The companies it named include AXS, DBS, DCS, FOMO Pay, Nium and StraitsX. Visa is also taking part in the Monetary Authority of Singapore’s BLOOM initiative, which focuses on borderless, multi-currency digital payments. The Singapore Economic Development Board welcomed the investment, saying it would create high-value jobs.

Quotes From Visa

Rajat Taneja, Visa’s President of Technology, described the expansion as a way to build technology that people and businesses can trust. Stephen Karpin, Visa’s Regional President for Asia Pacific, said Singapore is becoming a centre where many questions about payments, digital money, AI and trust are being addressed.

This is a company press release, distributed through PRNewswire and carried by ANI as sponsored content. ANI says it is not responsible for its content. The claims about future work and jobs come from Visa and the Singapore Economic Development Board, and have not been independently verified.