Visa Expands with Data Centers in Singapore, U.K.
Visa Inc. is expanding its transaction-processing capabilities with two data centers in Singapore and the U.K. 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,” Visa said.
“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,” said Rajat Taneja, executive vice president of technology at Visa.
With four synchronized data centers, Visa says the 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.
Visa plans to start processing global transactions in the two facilities in 2018.
In its July 20 fiscal third-quarter earnings report, Visa said payments volume growth, on a constant dollar basis, was 38 percent over the prior year at $1.9 trillion. Total Visa processed transactions were 28.5 billion, a 44 percent increase over the prior year, or 13 percent growth inclusive of Europe in prior year results.