Visa Plans New Global Technology and Product Hub in Poland to Support 24/7 Development Model for Innovation

Visa’s first strategic Tech and Product Hub in Central and Eastern Europe will further expand Visa’s footprint as it invests worldwide to drive continued rapid growth in digital commerce and payments

WARSAW/SAN FRANCISCO— May 23, 2023—Visa Inc. (NYSE:V), a global leader in digital payments, today announced that it plans to open a new global Technology and Product Hub in Poland that will be the first of its kind for Visa in Central and Eastern Europe. The Hub will house as many as 1,500 new tech and product hires over the next few years, as Visa invests worldwide to support its 24/7 development model for innovation and drives continued rapid growth in digital commerce and payments.

“Poland’s highly skilled workforce and vibrant IT sector make it an ideal location for us to recruit and collaborate with partners and businesses to develop new payment solutions,” said Rajat Taneja, President, Technology, Visa. “The next wave of our product and innovation roadmap is even more exciting as we focus on the next generation of AI, cybersecurity and the resilience and availability of our network for all who depend on it.”

Poland will serve as Visa’s fifth major strategic global technology and product hub. As a growing location for top technology talent, it builds on Visa’s commitment to innovation and investment in the European region, and in Poland, in particular. Visa will find new ways to harness emerging talent in the region, accelerate product development and innovate at scale to bring value to consumers, clients, buyers and sellers around the world.

“As a global company that does business in more than 200 countries and territories, it is important to us to invest in local talent, creating regional tech hubs that allow us to serve our global customer base better than ever before,” said Charlotte Hogg, CEO, Visa, Europe. “We are committed to diversity and inclusion and ensuring that as Visa grows, it reflects the wide range of perspectives that make up the communities where we live and work. In Poland, this will mean bringing on board a diverse talent pool and welcoming talent from Ukraine and other parts of the region.”

“It is exceptionally good news that Visa, with its unique global experience and know-how, has chosen our country out of all possible locations, thus building Poland's position as the best place for investments in the new technology sector,” said Prime Minister of Poland, Mateusz Morawiecki. “Some of the factors that pointed to Poland as a location for this investment were the high qualifications of our IT staff and the significant pool of talent on the labor market. We have great potential to bring highly innovative investments to our country."

“We want Poland to be perceived by potential investors as the right fit for their business. To reach that we need to smooth their cooperation with our administration. That's why we created the Investor’s Tax Service Centre, which is dedicated to key investors and assists them at every stage of their venture,” Minister of Finance, Magdalena Rzeczkowska emphasised.

“Visa's decision to locate a technology center in Poland perfectly confirms how valued Polish programmers are on the global IT scene. The process of supporting Visa by PAIH included a number of activities, such as providing information about the IT sector, talks about Poland's potential and development prospects for the company in the country. This investment undoubtedly confirms that Poland is the undisputed leader in attracting the most advanced investment projects in the region of Central and Eastern Europe,” said Paweł Kurtasz, Ph.D., President of the Board, Polish Investment and Trade Agency.

“I’m extremely happy that Visa’s fifth global Technology Hub is going to be opened in Central and Eastern Europe. Building on Visa’s commitment to innovation and investment in digital transformation, this venture reinforces the growing importance of the region as a whole, and Poland in particular,” said Jakub Kiwior, Regional Managing Director, CEE, Visa. “Recruitment from a local and diverse, technology talent pool emphasises our commitment to promoting digital inclusion and empowering individuals to thrive in the digital age. We also stand by the EU and Polish authorities in their efforts to build a more competitive and digitally savvy workforce. I am proud to say that Visa’s next wave of global innovation, serving communities worldwide, will partly be created in Poland.”

Visa has been at the forefront of digital payments for more than 60 years, operating in Poland since 1995. The first payment card in Poland was a Visa card and since the early digital days, Visa innovations have underpinned many of the ways that consumers and merchants pay and are paid. With Visa as a driving force in digital payments, Poland became the first market in the world to achieve 100% contactless availability.

Visa recognizes the critical role that digital skills play in the modern economy and is committed to supporting the EU’s efforts to build a more competitive and digitally savvy workforce[1]. This investment underscores Visa’s pledge to promote digital inclusion and empower individuals to thrive in the digital age.

More details on Visa’s new global Technology and Product Hub will be shared in the coming months. Open roles in Poland can be found here.

About Visa Inc.

Visa (NYSE: V) is a world leader in digital payments, facilitating payments transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at http://visa.com/