Visa Opens New Singapore Centre with Six Hubs for Emerging Technology
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Visa, the global payments company, is setting up six hubs for emerging technology at a new centre in Singapore. The hubs will focus on developing tools for Visa's worldwide network. These tools cover several areas, including agentic AI, digital money, stablecoins, and cybersecurity.
Agentic AI refers to artificial intelligence systems that can carry out tasks on behalf of a user, such as making decisions and completing actions with little human help. Digital money and stablecoins are types of digital payment methods. Stablecoins are digital currencies that are designed to keep a steady value, often linked to a traditional currency like the US dollar. Cybersecurity, which protects computer systems and data from attacks, is also a key area for the new hubs.
The decision to base this centre in Singapore shows the country's growing role as a technology and financial hub in Asia. Singapore has been working to attract technology companies and to build skills in areas such as artificial intelligence and digital payments. For Singapore readers, the project may create new jobs and opportunities in these fields.
The new centre will help Visa develop products that can be used by banks, merchants, and customers in many countries. Further details about the number of staff and when the hubs will begin full operation were not included in the original report.
Sources: The Straits Times
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