Visa has decided to set up its Technology Center of Excellence in Bengaluru, India.
The new center will open in early 2015. The payment company is expected to be fully staffed by early 2017, said Visa in a statement.
The company has selected Bengaluru to tap universities, innovation centers and technology facilities in the Karnataka state, India.
Nitin Chandel, senior vice president of Visa’s Developer Platform based in India, said: “The development of a Technology Center of Excellence in Bengaluru is an opportunity to build from the ground-up a culture of innovation that is reflective of Visa’s strategy to open its network to new and different technologies.”
Visa will focus on the development of key application programming interfaces (APIs) and software development kits (SDKs) to help its global partners to access VisaNet when creating new commerce and payment experiences.
This apart, Visa will add talent to its technology facilities in Austin, Texas, the San Francisco Bay Area and Singapore, and grow its teams that support Visa’s data centers in Ashburn, Virginia and Denver, Colorado.
Recently, Visa recently opened a 112,000-square foot innovation center, One Market, at its new office space in San Francisco, California, to enable Visa technologists, clients, partners and the Bay Area tech community to co-develop the next generation of commerce applications.
The company has also started introducing payment service called Visa Checkout to allow consumers to pay for goods online in a few clicks.