Visa Opens Singapore Innovation Centre With 1,500 Staff for AI and Digital Money

The card network has opened six global capability centres at its new Solution Center in Singapore's Paya Lebar Green district, bringing together over 1,500 employees in technology, product, cybersecurity, engineering, and innovation roles.

The six hubs span three core areas: AI and commerce, next-generation payments, and trust, security, and resilience. The company plans to expand specialised hiring in AI, cybersecurity, and quantum technologies to support the facility's work.

One set of hubs will build AI applications tailored for payments and fintech scenarios. This includes research into agentic commerce, where AI agents act on behalf of consumers, merchants, and payment networks to complete transactions.

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, said Rajat Taneja, Visa's technology president.

The next-generation payments hubs will explore digital money formats, stablecoins, programmable payments, digital wallets, and alternative payment methods. According to the company, this work aims to enable new money-movement models and payment experiences that operate across multiple rails and networks.

The facility is participating in the Monetary Authority of Singapore's BLOOM initiative, which tests cross-border digital money flows.

The trust, security, and resilience hubs will concentrate on cybersecurity and quantum computing for financial services. Teams will conduct research into quantum technology applications and prepare for quantum-secure systems that can withstand future computational threats.

The Singapore centre will collaborate with academic institutions, government agencies, financial institutions, and fintech firms. Partners identified by the company include AXS, DBS, DCS, FOMO Pay, Nium, and StraitsX.

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, said Stephen Karpin, the company's Asia Pacific regional president.

He added that consolidating these capabilities in Singapore creates a hub for developing globally relevant solutions while supporting the city-state's position in technology and innovation.