Visa, a global payments technology company, on Wednesday announced expanded transaction processing capabilities in two state-of-the-art data centers in Singapore and the United Kingdom.
"The new global processing hubs will increase the speed, resilience and geo-diversity of Visa's infrastructure, while strengthening the company's ability to deliver new and more sophisticated ways to pay in today's hyper-connected global economy," Visa said in a press release.
"Commerce and payments are in the midst of an historic shift from analog to digital. A growing majority of people around the globe are leaving cash behind and reaching instead for their cards and devices to pay," said Rajat Taneja, executive vice president of technology at Visa.
"With our technology investments in Asia and Europe, we're scaling up our infrastructure to meet the explosive growth in digital and mobile payments, while maintaining the secure, convenient and always-on service that our clients and partners expect."
The company said that the Singapore and UK data centers will complement Visa's existing processing facilities in North America. With four synchronized data centers, Visa's expanded footprint will boost the redundancy and resilience of its infrastructure, minimizing the likelihood of service disruptions to Visa's 16,600 financial institutions, millions of merchant acceptance locations, and 3 billion cards. The two centers are equipped with best-in-class technology, including high-performance hardware and energy-efficient power and cooling infrastructure.
Visa plans to start processing global transactions in the two facilities in 2018, it said.