Visa Opens New Innovation Center in London; Extends Access to Visa’s Developer Platform for European Clients
Visa Inc. (NYSE: V) today announced the launch of the Visa Innovation Center London, located at its European headquarters in Paddington Basin. The 1,000+ square meter space, the largest in Visa’s global network of innovation centers, is an immersive environment where Visa can work side-by-side with financial institutions, merchants and other partners to develop the next generation of payment solutions
The space features practical demonstrations to excite and engage visitors, including applications of the Internet of Things (IoT) in connected car and connected home environments, such paying for car insurance or placing a grocery order from a refrigerator. Visitors will also experience the future of retail using virtual reality to pick just the right seat for an upcoming Formula E race and biometric authentication to pay for tickets.
Visa also announced today that fintech developers across Europe will now be able to take advantage of the Visa Developer Platform to create new, secure ways to pay. Developers at merchants, financial institutions, technology companies and startups can now select from an initial set of Visa payment APIs (Application Program Interfaces), SDKs (Software Development Kits), and documentation to create the next generation of commerce applications.
Rajesh Agrawal, Deputy Mayor for Business, said:
“London is a global fintech leader because we have been able to combine our traditional strength in financial services with our growing talent for tech and our innovative and entrepreneurial spirit. As a successful fintech entrepreneur myself, I understand that quite often businesses need a little bit of help to turn the kernel of a good idea into something truly transformative. I am therefore delighted that Visa is launching this new innovation center in London, bolstering our flourishing global tech and fintech reputation and proving that London is open to great ideas and innovation.”