Foster City, California-based Visa Inc will open a new technology development center in Bangalore, India, that will play a central role in the company’s efforts to accelerate digital commerce globally. Charlie Scharf, Chief Executive Officer, Visa Inc said, “Our new center in Bangalore, 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.”
It also announced mVisa, a new mobile payment service that will be tested with customers of Axis Bank, HDFC Bank, ICICI Bank, and SBI. This initiative has been undertaken to accelerate the global migration from cash to digital commerce, reports NetworkedIndia.
