315 views

PayPal refreshes its Singapore Innovation Lab with tech offerings

It has a facial recognition system to register guests to its in-house Augmented Reality-supported bar.

PayPal revamped its first Innovation Lab outside the US, which was established in Singapore in 2016. The lab has been equipped with a co-working space, a private meeting room, and two sitting areas that can be transformed to accommodate varying group sizes for various activities. It also now includes a bar supported by Augmented Reality (AR) technology.

Here, PayPal has worked with SMEs including Tee-Saurus, Edible Garden City and Singapore Repertory Theatre in addressing business challenges, Paypal’s head of Singapore Development Centre Jerry Tso told Singapore Business Review. It has also collaborated with startups like InvoiceInterchange, Tenx and PolicyPal by offering a co-working space, market access, curriculum with fintech experts, access to investors and guidance in developing proof of concepts (POCs). Its R&D team has also developed 12 POCs and eight patents.

It also serves as a core research centre for PayPal where it develops fintech research talents, creates IPs and collaborates with institutes of higher learning.

The firm holds various programmes for students interested in pursuing a tech career. Recently, the lab was refreshed to show the myriad ways to incorporate technological innovations in commerce.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!