AsianScientist (Jan. 30, 2012) – MasterCard Worldwide unveiled on Friday its new regional headquarters in Singapore, which will manage regional business as well as R&D of new payment solutions including emerging payments, chip, contactless, mobile, and e-commerce.
The Singapore headquarters will act as a command and control center for intellectual property (IP) management, brand management, and to spearhead and manage growth in the region.
“The Singapore headquarters will spearhead MasterCard’s development of new solutions in mobile payments and remittance, to continue to grow and evolve MasterCard’s service offering as a leader in the global payments space,” said Vicky Bindra, President Asia/Pacific, Middle East & Africa, MasterCard Worldwide.
Through its Singapore base, MasterCard will be able to enhance R&D through MasterCard Labs, Technologies Operations and a Chip Center of Excellence (CCoE), covering the full range of upstream research, hardware, and software solution development.
Only the third such lab in the world, the MasterCard Labs will work alongside its U.S. and Ireland counterparts in areas such as chip deployment, which is becoming an increasingly important component of MasterCard’s overall business operations, Bindra said.
“Singapore’s concerted effort to harness talent in the region has created an exceptional knowledge-based/innovation-driven economy. MasterCard appreciates the strong focus on collaboration and innovation that has become the hallmark of the EDB and its efforts to expand the operations of multinational corporations into Asia,” Bindra said.
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Source: MasterCard WorldWide.
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