Global Payments, a US-based provider of payment technology services, has partnered with CaixaBank, Visa, Samsung and Arval, to open a Payment Innovation Hub at Barcelona’s Pier01 in Spain.

The collaboration centre, touted to be the first of its kind, will connect industry leaders to develop modern payment solutions and create new purchase experiences that support evolving technology and market trends.

The hub will house a multidisciplinary team drawing experts in R&D, technology, market analysis and business development to shape the payment technology needs of the future.

Global Payments will work to help develop new solutions using emerging technologies including connected experiences made possible by the Internet of Things.

Additionally, the company will focus on developing omnichannel solutions that buyers and sellers will use to conduct commerce across both physical and virtual channels.

Global Payments senior vice president of global product and innovation Frank Young said: “The culture, infrastructure and spirit of entrepreneurship in Barcelona serve as the perfect backdrop for Global Payments and our fantastic roster of partners to foster innovation.

“This initiative reinforces our company’s position as a leader in technology-led, software-driven payment solutions and sets the course for the future of payment innovation.”