Visa and HKSTP Forge Strategic Collaboration to Advance Innovation and Digital Commerce in Hong Kong

11/02/2026

Visa, a global leader in digital payments, and Hong Kong Science and Technology Parks Corporation (HKSTP) today announced the signing of a Memorandum of Understanding (MOU) during Hong Kong FinTech Week x StartmeupHK 2026, establishing a strategic framework to bring Visa’s global commerce and payment innovations to Hong Kong and collaborate with HKSTP to explore and develop new solutions across AI and agentic commerce, digital payments and ecosystem engagement. The collaboration aims to address evolving needs in Hong Kong, the Greater Bay Area and wider Asia-Pacific markets, while contributing to Hong Kong's continued development as a leading international innovation and financial hub.

“Hong Kong has the talent and entrepreneurial energy to create innovations with relevance far beyond our city,” said Paulina Leong, General Manager of Visa Hong Kong and Macau. “HKSTP has built a vibrant ecosystem that gives home-grown fintechs and start-ups the environment to innovate and grow. Through this partnership, we can bring Visa’s global network, technology and expertise to help innovators turn promising ideas into trusted, real-world solutions and scale them to markets around the world. Ultimately, this is about connecting Hong Kong innovation with global opportunity and reinforcing the city’s role as a launchpad for ideas that can shape the future of commerce globally.”

“Collaboration across industries and sectors has always been central to what we advocate,” said Terry Wong, CEO of HKSTP. “This signing represents not only a strategic partnership, but a testament, at the same time, to our expanding network in supporting the growth of tech ventures, and a reflection of our continued commitment in advancing the city’s I&T landscape.”

Exploring new possibilities for commerce and payments

The collaboration responds to a rapidly evolving commerce and payments landscape driven by emerging technologies. As AI continues to reshape digital experiences and emerging concepts such as agentic commerce create new possibilities for how consumers and businesses discover, purchase and pay for products and services, the need for collaboration across the broader ecosystem has become increasingly important.

Under the MOU, the two organisations will collaborate across three areas:

AI and agentic commerce: Leverage Visa's global AI and commerce innovations, including Visa Intelligent Commerce, to identify, develop, and pilot use cases for Hong Kong and explore opportunities to scale into other markets.
Digital payments: Explore digital payment innovation across logistics, fintech and other innovation-driven industries, supporting technology ventures in advancing payment digitalisation and identifying new opportunities to apply Visa’s global payment capabilities in real-world business environments.
Ecosystem engagement: Promote knowledge exchange and industry engagement across AI, agentic commerce, fintech and digital payments, bringing together perspectives from across Hong Kong’s innovation ecosystem.

Through this collaboration, Visa and HKSTP aim to connect global expertise and innovation with real-world business needs, exploring practical solutions that can advance the future of commerce and payments and support Hong Kong’s evolving digital economy, with the ambition to pioneer approaches with broader relevance across regional and global markets.

Visa and Hong Kong Science and Technology Parks Corporation (HKSTP) signed a Memorandum of Understanding (MOU) to bring global commerce and payment innovation to Hong Kong, co-develop locally relevant solutions and explore opportunities with broader relevance across regional and global markets.

From left to right: Terry Wong, Chief Executive Officer, HKSTP; Eric Or, Chief Ecosystem Development Officer, HKSTP; Vivian Ying, Head of Products and Value-added Services, Visa Hong Kong and Macau; and Paulina Leong, General Manager of Visa Hong Kong and Macau.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

About Hong Kong Science and Technology Parks Corporation

Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 and has built a proven foundation as Hong Kong’s leading innovation and technology (I&T) ecosystem. Established for 25 years, HKSTP is supporting 14 unicorns, has nurtured more than 17,000 research professionals and built a community of over 2,500 technology companies from 26 countries and regions across four strategic technology clusters: Life and Health Technology, AI and Data Science, Microelectronics and Advanced Manufacturing, and GreenTech and New Energy.

As an ecosystem orchestrator, HKSTP provides end-to-end support to attract and nurture talent, accelerate commercialisation and help technology ventures scale. Its innovation infrastructure spans over 240 hectares covering Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong, and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long, advancing Hong Kong’s vision for new industrialisation and smart manufacturing.

Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen, strengthens cross-border collaboration by connecting Hong Kong, the Chinese Mainland and global innovation networks and propels Chinese innovators onto the world stage, while also delivering comprehensive GBA landing support to accelerate cross-border success for local and international ventures.

As HKSTP enters its next chapter with strong foundations, it continues to deepen impact, elevate quality and create value for innovators. As an ecosystem built to lead change, HKSTP is empowering Hong Kong to define what comes next in innovation, growth and opportunity.

More information about HKSTP is available at www.hkstp.org.