Visa Opens Fifth Global Hub In Poland To Drive Innovations - Visa (NYSE:V)

Visa Inc V disclosed opening a facility in Poland to serve as its fifth major strategic global Technology and Product Hub.
Visa's first-of-its-kind strategic technology and product facility aims to spread the company's footprint in Central and Eastern Europe and facilitate continued growth in digital commerce and payments globally.
Over the coming years, the facility will have around 1,500 new tech and product hires on board, with increasing investments to support the development model for innovations.
"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. 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," said Rajat Taneja, President, Technology.
Last month, Visa reported second-quarter revenue of $7.99 billion, down 11% year-over-year, surpassing the Street consensus estimate of $7.79 billion, and the company reported EPS of $2.09, beating a Street estimate of $1.98.
Related: Visa Remains Unfazed By The Banking Crisis, An Economic Slowdown And Other Macroeconomic Challenges
Price Action: Visa shares are trading lower by 0.03% at $231.21 premarket on the last check Tuesday.