Visa plans to develop blockchain solutions at its new technology center in India

Visa has plans to develop blockchain solutions at its new technology center in Bangalore.

The comapny is planning to ramp up its brand new technology centre significantly in the near term and have up to 1,000 employees at the centre, even as it looks to aggressively tap into the local startup ecosystem for disruptive ideas. The company is also planning to have teams in India to work for several features of blockchain in the near future.

The development of blockchain based innovative solutions for financial and payments industry will allow Visa to not only understand the importance of blockchain technology but also offer blockchain based financial and payments solutions to its clients as well. It will help the company adapt to any changes that might occur in the banking sector once blockchain technology becomes part of banking operations.

Visa is an American multinational financial services corporation headquartered in Foster City, California.