Visa Expands Global Transaction Processing with Facilities in Singapore and United Kingdom
July 26 2017 - 12:00AM
Business Wire
New Processing Centers Designed to Meet the
Growing Demand for Digital Payments around the World
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 Pacific 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.
“This 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.”
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 the
Singapore 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 European market.
“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.
About Visa
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/ and @VisaNews.
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.
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Visa Inc. USALea Cademenos, +1
415-805-4271lcademen@visa.comorVisa in SingaporeJason Puah, +65
97875273jpuah@visa.comorVisa in EuropeLeela Shanson, +44 (0) 20
7795 5336shansonl@visa.com
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