A Visa credit card is seen on a computer keyboard in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/Illustration

(Reuters) - Visa Inc V.N said on Monday it would increase contributions to its U.S.-based employees' retirement savings plans as the world's largest payment processor benefits from a new tax law.

The company will increase its 401(k) match to 5 percent of salary, up from 3 percent, which will take effect in late February.

The contribution is applicable only to Visa’s U.S. employees, but the company said it is exploring other global employee benefits and investments.