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April 29, 2021

Paysafe partners AWS to become cloud-based payments provider

By Shalini mani

Paysafe has signed a global multi-year agreement with Amazon Web Services (AWS) to move online payments processing to the cloud.

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The payment company will migrate its portfolio of mission critical workloads to AWS, including eCash solutions, paysafecard and Paysafecash.

It will also move its digital wallets, Skrill and NETELLER, to AWS to support growth and become a more-data driven organisation.

The move is expected to help Paysafe to develop new cloud-native merchant payment and consumer wallet products for its business and consumer customers.

In addition to helping accelerate customer acquisition and engagement, the cloud service will also help the payment firm to scale products and applications for its North American and European operations.

Paysafe CIO Roy Aston said: “Deploying AWS as one of our major cloud providers will bring wide-ranging benefits to our business, both in terms of scale and innovation.

“Our focus is to deliver new, innovative products and features into the marketplace twice as fast as before and also to scale, and expand our geographical footprint.”

Following its agreement with AWS, Paysafe is creating a centralised repository for its consumer and merchant data leveraging Amazon Simple Storage Service, AWS analytics, and AWS security.

Amazon Web Services Worldwide Financial Services Business Development managing director Scott Mullins said: “We are delighted to support Paysafe as they leverage AWS to offer frictionless customer experiences and uncover real-time insights.

“Paysafe continues to bring innovative payment solutions to market that help merchants rapidly develop and implement new products and meet evolving customer needs, and we look forward to our continued collaboration with them across their digital initiatives.”

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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