Visa, the global electronic payments firm, has announced that it will invest in an innovation centre in Dubai following a two-day visit to the UAE by its chief executive.
Dubai is Visa’s regional headquarters for Central and Eastern Europe, Middle East and Africa (CEMEA) and the new centre will provide Visa, its clients, and partners across the region with a centre to jointly develop the next generation of payments technology, a statement said.
The initiative will also help Dubai achieve its Smart City objectives, the company said without giving the value for the investment.
The announcement was made at the end of a two-day trip to the region by Visa’s CEO Charles Scharf who met industry representatives and UAE government officials.
Continue reading at Arabian Business:
Payments giant Visa to open innovation centre in Dubai
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