Mastercard opens its largest Innovation Centre of Excellence in Asia Pacific to drive the intelligence economy
Key Highlights
- ➤7,200+ sq ft Singapore facility opens as Mastercard’s largest Asia Pacific ICoE
- ➤Over 250 specialist Singapore roles planned by end-2029
- ➤More than 55 specialists already work across the Innovation Centre
- ➤Mastercard’s Singapore workforce expected to exceed 1,000 employees by end-2029
- ➤ICoE will develop solutions across more than 40 Asia Pacific markets
Expert Statements
Dr Tan See Leng, Minister for Energy, Trade and Industry (Energy and Industry), Singapore
“Mastercard's Innovation Centre of Excellence brings together banks, merchants, technology companies and governments to develop and test new solutions. By combining expertise in AI, cybersecurity and fraud intelligence, it will help turn emerging technologies into solutions that businesses and consumers can trust”
Dr Tan See Leng, Minister for Energy, Trade and Industry (Energy and Industry), Singapore
“I hope the ICoE will become a lighthouse for payments innovation in Asia Pacific, where new solutions are developed and proven in Singapore, before being adapted and deployed across ASEAN, India and beyond.”
Png Cheong Boon, Chairman, Singapore Economic Development Board (EDB)
“Mastercard's Innovation Centre of Excellence marks a new chapter in our long-standing and multi-faceted partnership. By deepening its capabilities in AI, cybersecurity and threat intelligence, Mastercard will tackle emerging challenges and seize new opportunities across Asia Pacific. Singapore will continue to be a key hub where companies like Mastercard can innovate and pioneer the next generation of technologies for global markets, and create high-value jobs for Singaporeans”
Jon Huntsman, Vice Chairman and President, Strategic Growth, Mastercard
“Singapore continues to distinguish itself through its ambition, talent and ability to stay ahead of change. Mastercard has been proud to grow its presence here. This new investment reflects our confidence in Singapore's future and Mastercard's commitment to being a partner for the long term,”
Richard Wormald, President, Asia Pacific, Mastercard
“Asia Pacific is moving quickly into a more intelligent and interconnected economy. The opportunity is to turn new technology into real-world value, securely and at scale.”
Richard Wormald, President, Asia Pacific, Mastercard
“The ICoE builds on Mastercard's longstanding collaboration with EDB and Singapore's strength as a proven testbed for innovation. It unites capabilities that traditionally sat apart, supporting the region in tackling shared challenges and moving promising ideas into practice faster.”
Mastercard opens its largest Innovation Centre of Excellence in Asia Pacific to drive the intelligence economy PR Newswire
New 7,200+ sq ft Singapore facility brings together global expertise to turn ideas into solutions for more than 40 Asia Pacific markets and beyond, with plans to create over 250 specialist roles by 2029.
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