New Processing Centers Designed to Meet the Growing Demand for
Digital Payments around the World
SAN FRANCISCO--(BUSINESS WIRE)--Jul. 26, 2017--
Visa (NYSE:V), a global payments technology company, today 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.
“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 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.1 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.
Singapore Data Center
Visa’s 10,000 square foot data center in Singapore is Visa’s first
transaction processing center in Southeast Asia and will serve clients,
cardholders and merchants across the region and in Visa’s global network.
“As home to our Asia Pacific headquarters, Singapore is already a major
hub for the Visa business,” said Chris Clark, group executive, Asia
Pacific, Visa. “With our new processing facility in Singapore, we’re
strengthening our ability to meet rising demand for digital payments,
while driving the pace of payment innovation across the Asia
“We are delighted that Visa has chosen Singapore as the location for its
new data center, reinforcing Singapore’s position as a trusted business
and technology partner,” said Mr. Kelvin Wong, Assistant Managing
Director, Singapore Economic Development Board. “This investment
strengthens the sophistication of Visa’s business footprint in Singapore
and is a testament to Singapore’s regional leadership in data management
The new data center is Visa’s third major investment in Singapore in the
last two years. In September 2016, Visa launched
the first international campus of Visa University at its headquarters in
Singapore. In April 2016, Visa launched
Innovation Center, a destination for clients, partners and
developers across the region to work alongside Visa experts and jointly
create next-generation commerce applications.
United Kingdom Data Center
In June 2016, Visa Inc. announced the completion of its acquisition of
Visa Europe, starting a multi-year process to combine the two companies
into a unified global organization with a shared technology platform.
This integration brings 3,200 European clients onto VisaNet, Visa’s
global transaction processing network, and involves a retrofit of Visa’s
legacy data center in the UK.
Once fully retrofitted, the 10,000 square foot facility will bring
increased operational resilience for clients in the region while
accelerating the speed-to-market for new payment innovations in the
“The launch of our state-of-the-art data center in Europe is a critical
milestone, enabling all our clients and partners to take advantage of
Visa’s global technical resources and assets,” said Bill Sheedy, CEO
Europe, Visa Inc.
Visa Inc. (NYSE: V) is a global payments technology company that
connects consumers, businesses, financial institutions, and governments
in more than 200 countries and territories to fast, secure and reliable
electronic payments. We operate one of the world’s most advanced
processing networks — VisaNet — that is capable of handling more than
65,000 transaction messages a second, with fraud protection for
consumers and assured payment for merchants. Visa is not a bank and does
not issue cards, extend credit or set rates and fees for consumers.
Visa’s innovations, however, enable its financial institution customers
to offer consumers more choices: pay now with debit, pay ahead with
prepaid or pay later with credit products. For more information, visit https://usa.visa.com/
1 Number of Visa cards based on Visa Operating Certificates
for CY2016. Number of Visa cards includes cards carrying the Visa, Visa
Electron, V PAY and Interlink brands as well as PLUS proprietary cards.
Number of client financial institutions as of QE December 2016.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170725006524/en/
Source: Visa Inc.
Visa Inc. USA
Lea Cademenos, +1 415-805-4271
Jason Puah, +65 97875273
Leela Shanson, +44 (0) 20 7795 5336