Visa expands global transaction processing

Visa, a global payments technology company has announced expanded transaction processing capabilities in two state-of-theart data centers in Singapore and the United Kingdom. Th e 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 a historic shift from analogue 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.”

Th e 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 fi nancial institutions, millions of merchant acceptance locations, and 3 billion cards.[i]

Th e two centers are equipped with best-in-class technology, including highperformance hardware and energy-effi cient power and cooling infrastructure. Visa plans to start processing global transactions in the two facilities in 2018. Visa’s 10,000 square foot data center in Singapore is Visa’s fi rst 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 Pacifi c headquarters, Singapore is already a major hub for the Visa business,” said Group Executive, Asia Pacifi c Visa, Chris Clark. “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 Pacifi c region.” “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. “Th is investment strengthens the sophistication of Visa’s business footprint in Singapore and is a testament to Singapore’s regional leadership in data management and connectivity.”

Leave a Reply