New Processing Centers Designed to Meet
the Growing Demand for Digital Payments around the World
FRANCISCO – July 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 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
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
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.
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.
# # #
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.
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.