The FINANCIAL -- Visa Inc. on April 30 announced it is expanding its technology research capabilities globally and appointing Min Wang to Senior Vice President of Visa Research Labs. Min will report directly to Rajat Taneja, Executive Vice President of Technology, Visa Inc.
Visa Research Labs will expand Visa’s research and development capabilities globally. Building on existing technology research and incubator efforts, Visa Research Labs will focus on applied science and deep research. The new function will engage with academics, global think tanks, governments and security experts on emerging technologies that are critical to the payments industry, according to Visa.
“Digital commerce is rapidly evolving due to the introduction of new technologies. As the world becomes more connected, every device, car, or appliance becomes a place where secure digital commerce can take place,” said Rajat Taneja, Executive Vice President, Technology, Visa Inc. “I am excited to expand our technology research efforts and have Min lead Visa Research Labs. This effort has the potential to shape the way we pay and get paid in the future, and transform the lives of millions of unbanked consumers by finally providing them with access to secure digital commerce.”
Wang is a leading and renowned technology research scientist and holds a Ph.D. and M.S. in Computer Science from Duke University, and a M.S. and B.S. in Computer Science from Tsinghua University in Beijing, China. She joins Visa from Google Research where she was a Senior Staff Research Scientist focused on data mining. She also held senior staff research roles at HP Labs China and at the Unified Data Analytics Department at the IBM Watson Research Center.
Visa’s expansion of technology research is part of a global strategy to increase its technology footprint and establish technology and innovation centers in key markets. The company has also recently launched a global recruitment program to attract tech talent to Visa and plans to create an additional 2,000 full-time technologist positions.