Visa expands with data centres in Singapore and UK
Visa is expanding its transaction-processing capabilities with two data centres in Singapore and the UK, reports Paybefore, Banking Technology‘s sister publication.
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 says.
“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,” adds Rajat Taneja, executive vice-president of technology at Visa.
With four synchronised data centres, Visa says the expanded footprint will boost the redundancy and resilience of its infrastructure, minimising the likelihood of service disruptions to Visa’s 16,600 financial institutions, millions of merchant acceptance locations, and three billion cards.
Visa plans to start processing global transactions in the two facilities in 2018.
In its fiscal third-quarter earnings report, Visa states that payments volume growth, on a constant dollar basis, was 38% over the prior year at $1.9 trillion. Total Visa processed transactions were 28.5 billion, a 44% increase over the prior year, or 13% growth inclusive of Europe in prior year results.
