Visa Sets Up Six Technology Hubs in New Singapore Centre
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Global payments company Visa has announced plans to set up six hubs for emerging technology at a new centre in Singapore. The hubs are designed to build the company's capabilities in three main areas: agentic artificial intelligence, next-generation payments and trusted commerce.
Agentic artificial intelligence refers to AI systems that can carry out tasks on behalf of users, such as making decisions or completing transactions with limited human input. By focusing on this area, Visa aims to prepare for a future in which AI tools play a bigger role in how people shop and pay for goods and services.
The new centre will also work on next-generation payments, which include faster and more secure ways for consumers and businesses to move money. Trusted commerce, the third focus area, is about making online and offline transactions safe and reliable for everyone involved, from buyers and sellers to banks and other financial institutions.
For Singapore, the announcement shows the country's continued appeal as a base for technology and financial companies. The project may also create new jobs in technology and finance, as Visa builds its team in the city.
Sources: British Chamber Of Commerce Singapore
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