Visa has opened a new office in Palo Alto, California to house its data, research, network processing and loyalty and offers teams.
Spread over an area of 62,000sqft, the new Silicon Valley office will enable the company to draw from the diversity of the Bay Area’s talent pool, build stronger connections with the data scientists, engineers and entrepreneurs of future.
Visa believes that the new office will act as an epicentre for technologists, academics and global thinkers to come together in one space.
The new site will also be home to Visa Research, a new organisation within Visa that concentrates on the scientific foundations of technologies such as blockchain, cryptography, artificial intelligence and deep machine learning.
Visa CEO Al Kelly said: “Everything we do begins and ends with our technology and talent. It’s the only way we can continue to lead in the payments industry, which is moving at lightning-speed.
“The new Palo Alto office is part of Visa’s effort to attract and retain the best people, and to foster collaboration with the organisations based in Silicon Valley."
Visa has been busy opening new facilities across the globe as part of its strategy to retain its place at the top table of payments in the rapidly evolving digital and mobile era.