Canary Wharf Group (CWG) said that Visa will relocate its European headquarters from Paddington to London’s Canary Wharf financial district, signing a 15-year lease for 300,000 square feet at One Canada Square.
The move is scheduled to take place in the summer of 2028, with the new office space set to focus on advancing digital payments across the area.
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This agreement adds to a series of recent office transactions at Canary Wharf, where over 750,000ft2 of office space has been leased so far this year.
Visa will join several major companies already based in Canary Wharf, including JPMorgan Chase, Barclays, BBVA, Fitch, Citibank, HSBC, Revolut, Morgan Stanley, and University College London.
Visa Europe CEO and regional president Antony Cahill said: “Relocating our European headquarters marks a significant investment in our people and a bold next step for Visa in Europe.
“Our new home at One Canada Square will provide an open, modern and welcoming environment for our clients and partners. Digital payments power economies right across Europe. This exciting next step will better position us to pioneer the future of payments, giving Europeans access to world-class payment experiences while being offered the highest levels of security, resilience and reliability.”
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By GlobalDataThe group describes itself as the developer of Europe’s largest urban regeneration project.
CWG said in a release that “2025 will be CWG’s best office leasing year in more than a decade.”
CWG noted that over the past six-year period, CWG and other investors have allocated around £7bn ($8.16bn) to new buildings, amenities, and infrastructure in Canary Wharf.
CWG CEO Shobi Khan said: “We are delighted to welcome Visa who have chosen the Wharf for their European headquarters as the best location to support their business growth.
“Visa joins a fintech community of more than 65 companies ranging from innovative startups to global leaders in our growing tech and AI community. This diverse customer base reflects our evolution into a thriving mixed-use district that supports customers at every stage of their journey.”
Recently, Visa entered into a partnership with the Central Bank of Syria and other financial authorities for a strategic roadmap implementation aimed at Syria’s digital payments integration.
