Techwave Launches New Fintech Center of Excellence for Visa in Hyderabad

Techwave Launches New Fintech Center of Excellence for Visa in Hyderabad

India Center of Excellence to support Visa’s cross border payment business

3rd Dec, 2019 – India – Techwave®, a global software solutions company announced the launch of a dedicated Fintech Center of Excellence (CoE) for Visa at the Techwave campus in Hyderabad, India. The CoE will work on technology solutions to support Visa’s cross border payment business.

As part of Techwave’s mission to build client-centric teams delivering innovative solutions with business focused outcomes, this dedicated Center of Excellence for Visa will focus on technology solutions aimed at expanding and scaling the Visa Direct real-time  payments platform.

Visa Direct currently enables secure real-time payments worldwide simply using an eligible debit or prepaid card number. The CoE will focus on extending the reach of Visa Direct straight into a beneficiary’s bank account, effectively expanding Visa Direct’s capability to reach billions of bank accounts around the world.  Visa Direct’s rapidly growing portfolio of use cases include funds disbursements, peer-to-peer payments, cross border payments, marketplace payouts, and bill payments.

The dedicated CoE will continue to focus on Financial Technology initiatives that are geared towards delivering next-generation services and significantly decrease the time-to-market for Visa’s products and solutions.

About Techwave:

Techwave is a global IT service provider and digital transformation expert and has helped hundreds of companies maximize their digital potential through world-class IT expertise and solutions.

About Visa Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit About Visa, and @VisaNews.