Paysafe signs multi-year agreement with AWS
Leading specialist payment platform, Paysafe, announces the signing of a multi-year global agreement with Amazon Web Services (AWS) as part of its strategy to become a fully cloud-based payments provider.
Through this collaboration, Paysafe is migrating its broad portfolio of critical workloads, including eCash, paysafecard and Paysafecash solutions, and its digital wallets, Skrill and NETELLER, to AWS to develop new merchant payment and consumer wallet products. cloud native for business and consumer customers. The first step in the collaboration has already been taken with the transition of Paysafe’s eCash solutions to the cloud.
The move to AWS enables Paysafe to leverage data to drive customer acquisition and engagement, as well as execute and scale products and applications for its North American and European operations from very reliable way. Collectively, Paysafe’s solutions are actively used by over 15 million people in over 120 countries and help thousands of businesses deliver popular alternative payment methods.
Paysafe partners will also benefit from its cloud-centric approach, making it easier for merchants and other third parties to connect to the Paysafe network using API-based integration. Real-time transaction processing powered by AWS will enable merchants to deliver a seamless customer experience at the point of sale.
Roy Aston, Chief Information Officer at Paysafe, said: “Deploying AWS as one of our major cloud providers will bring many benefits to our business, both in terms of scale and innovation. . Our goal is to bring innovative new products and features to market twice as fast as before and also to scale and expand our geographic footprint. We are excited for the year ahead as we leverage the power of technology across the enterprise, through a combination of our own in-house product development as well as our work with strategic organizations. , such as AWS. We also focus on areas such as machine learning, risk management and customer knowledge. ”
As part of the agreement with AWS, Paysafe creates a centralized, organized and secure repository for all of its consumer and merchant data using Amazon Simple Storage Service (Amazon S3), AWS Analytics and AWS security to create a data lake to store, protect and organize their data. This scalable data lake will use AWS analytics services to further improve the consumer experience, as well as to help Paysafe identify, prioritize and assess risk quickly and inexpensively in near real time.
“We’re excited to support Paysafe as they leverage AWS to deliver seamless customer experiences and discover real-time insights,” said Scott Mullins, Managing Director of Global Financial Services Business Development at Amazon Web Services, Inc. “Paysafe continues to bring innovative payments solutions to the market that help merchants rapidly develop and implement new products and meet changing customer needs, and we look forward to our continued collaboration with them in as part of their digital initiatives.