In an effort to accelerate digital commerce globally, credit card company Visa announced on Monday (July 25) plans to open an office in Silicon Valley.
The new office will be a 62,000-square-foot facility located in the heart of Silicon Valley in Palo Alto and will be a mix of office and collaboration spaces for about 300 Visa employees. The employees to be housed in the new facility are ones who are focused on technology research, business intelligence, data security and merchant services.
The office in Silicon Valley is the latest in a string of new offices and facilities that Visa opened last year. Visa said it has new technology development centers in Bangalore and innovation centers in Dubai, Miami, San Francisco and Singapore. At these facilities, Visa employees and clients work alongside Visa payment experts to come up with future technologies for commerce.
“We continue to expand our research and development capabilities globally and are investing in facilities that enable our teams to collaborate in the creation of digital commerce solutions,” said Rajat Taneja, executive vice president of technology for Visa, said in a press release. “Our new Palo Alto office allows us to draw on the diversity of the Bay Area talent pool and build an even stronger connection with the Silicon Valley community of data scientists, engineers, entrepreneurs.”
Visa said the new office will expand its presence in the San Francisco Bay Area, where it already has offices in Foster City and other locations in San Francisco.
The move on the part of Visa comes just days after it announced a strategic partnership with PayPal to give consumers more choice about how they pay when using a PayPal account. Under the deal, both companies will work more collaboratively to accelerate the adoption of digital payments for consumers and merchants that are safe, reliable and convenient.
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