Visa, a US-based digital payments company, said on 5 November that it had set up six global capability hubs at its new Solution Center in Paya Lebar Green, Singapore, bringing together more than 1,500 professionals.

The hubs will focus on applied AI and agentic commerce, digital money, stablecoins, programmable payments, wallets, alternative payment methods, cybersecurity, and quantum computing.

Visa said it also planned to expand research, engineering, and innovation roles.

Partners include DBS, Nium, and StraitsX. Singapore’s Economic Development Board said Visa’s investment would create high-value jobs for Singaporeans.

Singapore’s central bank finalized a framework in 2023 for single-currency stablecoins issued in Singapore and pegged to the Singapore dollar or a Group of 10 currency.

The rules set requirements for value stability, capital, redemption at par, and disclosure.

Visa launched USDC settlement in the US and said stablecoins could support faster cross-border payments and programmable money.

🔗 Source: Visa

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