Visa opens new processing centres in Singapore and UK

Visa has strengthened its transaction processing capabilities with the opening of two new data centres in Singapore and the UK.

Visa opens new processing centres in Singapore and UK

The payment technology company said that the new processing hubs will complement its existing processing facilities in North America.

Featuring latest technology including high-performance hardware and energy-efficient power and cooling infrastructure, the two centres are expected to start processing global transactions in 2018.

The 10,000 sq ft facility in Singapore is the company’s first transaction processing centre in Southeast Asia and will serve clients, cardholders and merchants across the region and Visa’s global network.

The UK data centre, which will be opened following completion of Visa Europe integration with VisaNet, Visa’s global transaction processing network, will bring increased operational resilience for clients in the region while accelerating the speed-to-market for new payment innovations in the European market.

Visa believes that the four synchronised data centres will boost the resilience of its infrastructure while reducing any possibility of service disruptions to the firm’s 16,600 financial institutions, millions of merchant acceptance locations, and three billion cards.

Visa executive vice president of technology Rajat Taneja said: “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.

“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.”