SAN FRANCISCO - Visa International announced the opening of an office in Bangalore, India.

Visa selected Bangalore, capital of the southern Indian state of Karnataka, because it is near Visa member banks' card operations. The city also is the base for leading Indian information technology companies.

Visa described India as one of its high-growth markets. In 1994, card volume there grew 73%, while the number of cards grew by 45%, the association said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.