Visa has established six global centers in Singapore, focusing on AI and stablecoins

According to Tech in Asia, Visa announced the establishment of six global capability centers at its new Solutions Center in Bayfront Oasis, Singapore, gathering over 1,500 professionals.

These centers will focus on applying AI to agency-based commerce, digital currencies, stablecoins, programmable payments, wallets, alternative payment methods, cybersecurity, and quantum computing. Visa also stated plans to expand research, engineering, and innovation positions, with partners including DBS Bank, Nium, and StraitsX.

The Singapore Economic Development Board stated that Visa's investment will create high-value job opportunities for Singaporeans. In addition, Visa has launched USDC settlement in the United States and stated that stablecoins can support faster cross-border payments and programmable currency.