Mastercard has opened a new innovation centre in Singapore as it plans to add more than 250 specialist roles by the end of 2029.
The facility spans more than 7,200 square feet and is Mastercard’s largest Innovation Centre of Excellence in Asia Pacific.
It brings together more than 55 specialists in AI, cybersecurity, customer experience and rapid prototyping.
The centre will serve financial institutions, merchants and technology partners across more than 40 Asia Pacific markets.
It houses an AI Centre of Excellence focused on agentic commerce and fraud prevention, alongside a Fusion Centre that combines cybersecurity, fraud and physical security expertise.
A Mastercard Experience Centre will allow partners to explore emerging technologies, while a Makerspace will support the development and testing of new solutions.
Richard Wormald, President, Asia Pacific at Mastercard, said
“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.”
Featured image: Edited by Fintech News Singapore, based on image by Mastercard
