Visa, a global payments technology company, has announced the opening of its new technology development centre in Bangalore, India, that will play a central role in the company’s efforts to accelerate digital commerce globally.

It also 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), said a statement from Visa.

The mVisa service provides the benefits of secure digital commerce to financial institutions, merchants and consumers in emerging markets, it added.

The new 100,000 sq ft technology centre is part of the Bagmane World Technology Centre, a 70-acre campus in the heart of India’s IT corridor, it said.

The centre 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 centre is one of several facilities planned by Visa in the US and Asia, and is part of a global strategy to transform Visa’s global processing network into an open commerce platform.

Charlie Scharf, chief executive officer, Visa, said: “India has fast become one of the world’s most important technology epicentres with an incredible pool of technology talent.”

“Our new centre in Bangalore, which complements others planned for Singapore and the US, 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,” he added. – TradeArabia News Service