Visa to Open Global Processing Hubs in Singapore and UK

Posted By: Religare
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    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.

    Visa to Open Global Processing Hubs in Singapore and UK

    "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.

    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more