Visa to Expand Technology Hub in Singapore to Accelerate Global Technology Strategy
Company to create and convert 2,000 full-time technology roles, open new tech center in India and invest in Singapore
Singapore - Visa Inc., the global leader in payments, today announced that it will strengthen its technology resources by creating approximately 185 new technology research and development jobs in Singapore. In many cases, contract positions will be converted to permanent roles to maintain momentum around new, critical technology initiatives underway at the company. This is part of a move to expand Visa’s technology resources around the world.
Chris Clark, Group Executive for Visa in Asia Pacific commented: “With growing financial services and IT sectors, Singapore is fast establishing itself as the financial and high-tech hub for the region. We are proud to be expanding our presence here and we aim to tap into the world-class innovation resources as we accelerate the shift to electronic payments and drive innovation in mobile and digital platforms.”
Visa will partner with the Singapore Economic Development Board to help in the recruitment of top technology talent.
Kelvin Wong, assistant managing director at the Singapore Economic Development Board (EDB) said: “We are pleased that Visa has chosen to further strengthen its presence in Singapore by locating one of its key global technology research and development centers here. Visa’s investment is a strong vote of confidence in Singapore’s position as the innovation hub to address the growth opportunities in Asia.
“Its focus on mobile solutions, data analytics, and information security will also draw from a strong base research and development activities and technology infrastructure here in Singapore.”
Visa’s Singapore office expansion is part of a global initiative to add approximately 2,000 technology roles around the world including creating and opening a new global technology center in India. These positions will be a combination of new roles and existing contractor positions that are being converted to full-time roles.
Rajat Taneja, Visa’s Executive Vice President of Technology, said: “Visa’s size and scale allows technologists to work on meaningful initiatives that have the ability to change how commerce is conducted for millions of consumers and companies globally.
“We are looking for creative, entrepreneurial tech professionals who can help build the next generation of payment products and platforms, will bring engineering insights to our global processing network, and are passionate about partnering with technology and commerce leaders to shape the payments experience.”
More information about careers available at Visa’s sites around the world can be found at http://usa.visa.com/careers/index.jsp.
About Visa Inc.
Visa Inc. (NYSE: V) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world's most advanced processing networks — VisaNet — that is capable of handling more than 47,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead of time with prepaid or pay later with credit products. For more information, visit corporate.visa.com and @VisaNews.