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Visa to open technology development centre in India by 2015

visa-logoGlobal card payments system provider Visa plans to open a new technology development centre in India next year, although the company didn’t mention which city in specific. Currently, Visa is working on developing key application programming interfaces (APIs) and software development kits (SDKs) to help its partners easily access VisaNet when developing new commerce and payment products. The development of these APIs and SDKs, of which the first set of tools will be publicly released this year, will shift to the new technology development center in India when it opens in 2015.

In July this year, Visa had opened a similar 112,000 sq-ft innovation centre called ‘One Market’ at its new office in San Francisco to enable its clients, partners, employees and the Bay area tech community co-develop various commerce and payment applications.

The company said it currently plans to aggressively drive the adoption of its Visa Digital Solutions, a suite of solutions that it claims will facilitate secure payments across a multitude of Internet-connected devices and wearables. It recently also introduced Visa Checkout, a payment service that lets consumers pay for goods online using any device. The service is currently available in the US and Canada with plans to made it available in Australia later this year.

Similar initiatives

– Singapore based online grocery store RedMart had recently announced that it opened a new development centre in Bangalore. While the company does not plan to expand its services in India, its centre will serve as an analytics hub to enable data-oriented decision making for its expansion plans.

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– Mobile messaging and advertising company Affle had setup its global R&D centre in India and had acquired the mobile application development company Appstudioz to help strengthen its mobile app and ad technology platform, earlier this month.

– Sweden-based Mobill, an m-commerce solution provider, had set up a new development centre in India in March last year.

– Back in 2012, eBay Inc had announced plans to open a Global Development Centre in Bangalore for which it intended to hire up to 1000 technologists over the next three years. It was eventually opened in September last year.

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