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#Visa plans to expand #blockchain in #India


The world’s largest payment system #Visa mobilises its #Indian activities to forward #blockchain research. In the near term, it plans to increase the number of staff in its Indian #technology centre to 1,000 people.

Special groups working on many aspects of distributed ledger technology will reportedly be created in the centre. In an interview Rajat Taneja, Visa's Global Technology Chief, mentioned that the company's centre in India would play the most important role in blockchain research and development of its potential.

“We are up to 750 people now. We do two-three things here, including Visa developer platforms, global products, etc. This is not an outsourced centre — there is some very cool developer work that is going on here. The aim is to get it up to 1,000 people over the next 12-18 months. Our expectation is that there will be a lot of work that is done around our APIs,"

said T. R. Ramachandran, Group Country Manager for India and South Asia at Visa....

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