Visa Inc., global payments processing network, has launched their first Innovation Centre in Asia, located in Singapore. This is Visa’s second regional Innovation Centre after their first in One Market Square, San Francisco launched in July 2014.
The Singapore Innovation Centre spans 7,000 square foot and is located on the 8th floor of Visa’s Singapore office at Robinson Road, right in the heart of Singapore’s Central Business District.
The centre will act as a destination for various stakeholders in the region of Asia Pacific to work together and collaborate with Visa’s professionals to create cutting-edge applications in payments and commerce.
According to their website, the innovation centre will share some of Visa’s most compelling technology, such as, Mobile Location Confirmation, Tokenisation, Internet of Things (IoT), Cyber Defense and Connected Cars. With this, Visa aims to help their partners build solutions that can help them expand their offerings into the region.
According to the press release, the centre will also open up access to Visa’s Application Program Interface (APIs) and Software Developer Kits (SDKs) through their Visa Developer Platform, available to Visa’s local and global clients.
Visa intends to build regional innovation Centres around the world, ‘to be in the heart of local development and nearer to clients worldwide’. Their upcoming locations include Sao Paulo, Miami, Dubai and Bangalore.
Singapore seems to be a hotbed for innovation centres and labs recently. Do you believe that innovation centres bring about collaborative initiatives between various stakeholders in the industry to work on spearheading new innovative solutions?