BANGALORE, India–(BUSINESS WIRE)– Visa Inc. heeft vandaag bekendgemaakt dat het een nieuw centrum voor technologische ontwikkeling opent in Bangalore. De vestiging in de Indiase stad zal een belangrijke rol spelen binnen de initiatieven van het bedrijf ten behoeve van digitale handel. Visa kondigde als onderdeel van de openingsceremonie mVisa aan. Deze mobiele betaaldienst zal deze zomer worden getest bij verkopers in de Bangalore en bij klanten van Axis Bank, HDFC Bank, ICICI Bank, en SBI (State Bank of India).
Het technologiecentrum van Visa, met een oppervlakte van bijna 9300 vierkante meter, is onderdeel van het de campus Bagamne World Technology Center in de zogeheten IT-strook van India. Het centrum combineert kantoorruimtes met werkplekken voor samenwerkingen en biedt plaats aan duizend Visa-ontwikkelaars. Dit team krijgt de opdracht applicatie-ontwikkelaars gemakkelijk toegang te bieden tot vierhonderd betaalproducten en -diensten, zodat ontwikkelaars hun eigen betaalervaringen zullen bouwen voor een brede keur aan verbonden apparaten. Het centrum is één van de faciliteiten die Visa wil bouwen in Azië en de Verenigde Staten. Deze vestigingen maken deel uit van de internationale strategie van Visa, dat zijn verwerkingsnetwerk wil omvormen tot een open handelsplatform.
Visa Opens Technology Center in Bangalore; Accelerates Digital Commerce Globally
BANGALORE, India–(BUSINESS WIRE)– Visa Inc. (NYSE:V) today announced the opening of a new technology development center in Bangalore, India, that will play a central role in the company’s efforts to accelerate digital commerce globally. As part of the opening ceremonies, Visa announced mVisa, a new mobile payment service that will be tested this summer with merchants across the Bangalore region and with customers of Axis Bank, HDFC Bank, ICICI Bank, and SBI (State Bank of India).
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Visa’s new technology development center in Bangalore, India. (Photo: Business Wire)
Visa’s new 100,000 square feet technology center is part of the Bagamne World Technology Center, a 70-acre campus in the heart of India’s IT corridor. The center is a combination of office and collaboration spaces that will be the home for 1,000 Visa developers. This team is tasked with making it easy for application developers to access Visa’s 400 payment products and services in order to build their own payment experiences that can work across a broad range of connected devices. This center is one of several facilities planned by Visa in the U.S. and Asia, and is part of a global strategy to transform Visa’s global processing network into an open commerce platform.
“India has fast become one of the world’s most important technology epicentres with an incredible pool of technology talent,” said Charlie Scharf, Chief Executive Officer, Visa Inc. “Our new center in Bangalore, which complements others planned for Singapore and the U.S., will help Visa to accelerate the development of next generation payment solutions that enable secure, digital commerce through connected devices like mobile phones, PCs, tablets and even cars.”
Consumer purchase behaviors are changing dramatically with the use of mobile phones and other connected devices that embed the ability to shop and pay into consumer’s daily lives. According to a recent report by Juniper Research, worldwide mobile payment transaction volume, including all payments made via a mobile phone and tablet, is projected to reach $3.27 trillion by 2018. 1 Also purchases made via tablet or smartphone increased 48 percent in 2014 – that is three times the growth in desktop purchasing. 2
Visa Stepping Up Technology Development
Visa developers have created a new payment service, mVisa, which brings the benefits of secure digital commerce to financial institutions, merchants and consumers in emerging markets. The new service will be tested in India later this year with select customers of Axis Bank, HDFC Bank, ICICI Bank, and SBI, and with merchants across the greater Bangalore region. With mVisa, consumers can make cardless purchases, pay bills and send money to friends and family members.
Here is how mVisa works:
mVisa is one of several initiatives that Visa has undertaken to accelerate the global migration from cash to digital commerce. The company is increasing its recruitment efforts, adding 2,000 full time employees to an already accomplished team of technologists who will work in development centers in India, Singapore and the U.S.
“For the past 50 years, access to Visa’s technology environment was tightly controlled and available only to developers at financial institutions and merchants – a strategy that helped drive the migration from cash to electronic commerce in a secure manner,” said Rajat Taneja, EVP of technology at Visa Inc. “Today, as commerce shifts to digital environments where consumers can make secure purchases using mobile devices, it is critical that we open up Visa’s network and make it easier for developers globally to access our payment platform – making secure Visa payments a standard feature of mobile applications.”
About Visa Inc.
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 56,000 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 of time with prepaid or pay later with credit products. For more information, visit usa.visa.com/about-visa, visacorporate.tumblr.com and @VisaNews.
1 Juniper Research: “Mobile & Online Purchases; Cards, Carrier Billing & Third Party Payment Platforms 2015-2020,” July 15, 2015.
2 According to an October 14 study from BI Intelligence, a research service from Business Insider, THE E-COMMERCE REPORT: Mobile Is Giving Traditional Retailers A Chance To Bounce Back These Holidays
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