Visa has opened its new innovation centre in Dubai Internet City (DIC), the region’s information and communications technology community.
The Dubai facility will serve the Central and Eastern Europe, Middle East and Africa (CEMEA) region’s clients and partners to help support Visa’s commitment to build cashless economies.
The new 4,000 sq ft facility is also part of network of new innovation centres that Visa is opening around the world over the course of 2016 and 2017.
Designed to replicate the success of Visa’s innovation centres in San Francisco and Singapore, the new location will offer clients and partners with everything they need to work on new digital solutions that will address important business needs and opportunities.
The new facility will also provide access to Visa technology, including APIs and SDKs available through Visa Developer Platform – all in a physical space, to encourage dynamic interaction, real-time experimentation and rapid prototyping.
Visa CEMEA group executive Kamran Siddiqi said: "The UAE has been among the leaders in the region in adopting and promoting the acceptance of innovative technologies. Fostering a knowledge economy is one of the four pillars outlined in the UAE Vision 2021, highlighting the country’s commitment to technological innovation.
"The country’s strategic location, which in itself is a diverse and exciting part of the world, makes it an ideal place for us to build this facility where Visa will work alongside clients and partners to imagine and build creative, cutting-edge digital commerce and payment experiences."
Visa has also inked a memorandum of understanding (MoU) with TECOM Group, the local government body tasked with transforming Dubai into a global smart city. Under the terms of the MoU, both companies will support the local startup and entrepreneur community through mentorship and guidance programs.