Singapore – Global financial services company Mastercard has announced the revamp of its ‘Mastercard Experience Center’ in Singapore which offers visitors a chance to experience what the future of commerce looks like. The experience centre is just one of six centres globally, with others located in London, Stockholm, Dubai, Mexico City and New York City.
The revitalization of the Singapore innovation space coincides with the release of Mastercard’s Future of Payments report which highlights three broad trends that have the potential to collectively expand prosperity and inclusion in the digital economy.
Correspondingly, many of the innovation space’s new exhibits and technology demos bring these trends to life by blending the digital and physical across screens, tactile tables and lab spaces, creating an immersive, interactive experience for visitors.
The MEC in Singapore acts as a regional Asia Pacific hub for Mastercard to conduct customer workshops, executive roundtables and employee events. It also serves as an innovation space and R&D lab where consumer insights, needs and trends are identified, helping to inform white space, blue sky innovation and actionable product development roadmaps for the next 12 to 24 months.
Sandeep Malhotra, executive vice president, products and innovation for Asia-Pacific at Mastercard, said, “In the coming years, a convergence of forces will redefine and reshape commerce, transforming how people pay and get paid. The Mastercard Experience Center is designed as a portal to that future, a place where customers and partners can virtually experience that future today, and where we’re only limited by the power of our collective imaginations.”
He added, “By guiding visitors through the future economy, Mastercard aims to bring abstract concepts to life, to inspire purposeful innovation and co-creation of the technologies of tomorrow.”
