Considered the innovation hub of India, Bangalore enables the company to attract a diversity of world class talent from the country's premier universities and be part of a community that is experiencing tremendous growth in world-class innovation centres and technology facilities.

"India is fast becoming a global technology epicentre with an incredible pool of technology talent," said Nitin Chandel, Senior Vice President of Visa's Developer Platform based in India.

"The development of a Technology Centre of Excellence in Bangalore is an opportunity to build from the ground-up a culture of innovation that is reflective of Visa's strategy to open its network to new and different technologies," he said.

Teams at the new centre will focus on the development of key application programming interfaces (APIs) and software development kits (SDKs) in order to help an expanding group of global partners more easily access VisaNet when creating new commerce and payment experiences.

The announcement is one of many initiatives that Visa has undertaken to strengthen its global technology resources.

The company recently opened a 112,000-square foot innovation centre, One Market, at its new office space in San Francisco, California.

It has begun introducing, in select markets, a quick and easy payment service called Visa Checkout, which allows consumers to pay for goods online, on any device, in just a few clicks.

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