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Visa to drive innovation in Asia with a new facility in Singapore

Nurdianah Md Nur | May 4, 2016
The centre will enable Visa to work alongside clients and partners to imagine and build creative and leading-edge mobile and digital experiences.

Visa recently opened an innovation centre in Singapore, following the success of Visa's flagship innovation centre - the One Market Center -- in San Francisco.

The 7,000 square foot facility will provide Visa partners access to Visa APIs and software developer kits (SDKs) through the company's Visa Developer Platform. It will also offer a hands-on, real-time work space staffed by Visa technologists and business leaders.

According to Visa, the innovation centre in Singapore will operate as a commercial gateway, helping Visa partners from across the world to build market-relevant payment and commerce solutions that extend their service offerings into Asia. The company also plans to open more innovation centres in other regions later this year and next year.

Visa Global Innovation Centres

As the payments industry shifts from plastic to digital and new entrants join traditional stakeholders in payments, Visa wants to ensure that every Internet-connected device, appliance or wearable, can become a secure place for commerce.

Visa's global network of innovation centres are thus an important part of this overall approach to fostering innovation by helping enable clients to:

  • Engage: The centre's immersive environment provides clients and partners with everything they need to work on new digital solutions that will address important business needs and opportunities
  • Experience: Visa utilises human-centered design and new technologies to ensure any product development delivers real benefits for users
  • Collaborate: Interact with Visa payment experts and access Visa technology, including APIs and SDKs available through Visa Developer Platform - all in a physical space designed to encourage dynamic interaction, real-time experimentation and rapid prototyping

"The pace of technological innovation across Asia Pacific is unprecedented and creating enormous opportunity for any company that touches the growing payment ecosystem," said Chris Clark, Group Executive, Asia Pacific, Visa. "With the doors of the innovation centre in Singapore now officially open, we look forward to working alongside clients and partners to imagine and build the creative and leading-edge mobile and digital experiences Asia Pacific is known to deliver to the rest of the world." 

 

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