Spice Money Transforms Digital Payments for Millions of Users with Nutanix
March 20 2018 - 12:30AM
Business Wire
Nutanix Enterprise Cloud OS Software and AHV
Help Deliver Faster and More Secure Money Transfers
Nutanix (NASDAQ: NTNX), a leader in enterprise cloud
computing, today announced the deployment of the Nutanix Enterprise
Cloud OS software at Spice Money, a digital wallet subsidiary of
Spice Digital Limited. Spice Money chose Nutanix to help with
scaling transactions, streamlining their data center management and
reducing costs to deploy their services.
Spice Money is used mainly for money transfers within India, and
processes over 4 million transactions for more than 2 million
customers every month. To date, Spice Money has achieved a Gross
Transaction Value (GTV) of $1 billion USD.
Keeping up with its exponential growth while retaining
innovation, high performance and reliability of the service are
critical objectives for Spice Money. Digitization and digital
payments are key areas of growth across India and customers are
increasingly demanding faster and more secure services. Data
protection and compliance were also important considerations in
their selection of the Nutanix Enterprise Cloud solution.
As a result of their Nutanix deployment, the company has been
able to achieve higher productivity with significantly lower total
cost of ownership (TCO). To date, Spice Money has experienced an
almost 50% reduction in its overall infrastructure costs and an
approximately 40% improvement in its transaction processing
speed.
Nutanix has also helped streamline Spice Money’s performance
monitoring process using Nutanix Prism, which allows one
centralized control plane to manage Spice Money’s compute, storage,
hypervisor, network visualization, backup and Disaster Recovery
management resources.
Spice Money also selected the Nutanix integrated hypervisor,
AHV, to further reduce the cost of virtualization licenses,
maintenance and support. The ease of provisioning resources with
Nutanix also allows Spice Money to prepare for disaster recovery
scenarios. With their newly modernized IT infrastructure, Spice
Money is expecting more efficient use of existing resources,
benefiting both the company and its millions of customers.
"Legacy IT infrastructure is inflexible, vulnerable to outages
and ill-suited to the heavy demands of digital and mobile banking.
Three-tier infrastructure doesn’t scale and is expensive, making it
impractical for a fintech conglomerate such as ourselves," said Mr.
Saket Agarwal, Global CEO of Spice Money. "With our hyperconverged
solution from Nutanix, we have dramatically reduced network latency
and increased network capacity. Nutanix also allows us to easily
perform infrastructure re-provisioning, ensuring quick recovery in
the event of a disaster or server outage."
"Our software-centric approach enables companies like Spice
Money to reduce the cost and time spent on building and running
their infrastructure, so they can focus on delivering true business
value to customers," said Sunil Mahale, Vice President of Nutanix
India. "We are pleased that the Nutanix Enterprise Cloud OS
software has helped ensure a delightful user experience for Spice
Money customers. We are confident that by using Nutanix, Spice
Money can continue to see the value-added benefits of the
modernized data center."
About Nutanix
Nutanix is a global leader in cloud software and hyperconverged
infrastructure solutions, making infrastructure invisible so that
IT can focus on the applications and services that power their
business. Companies around the world use Nutanix Enterprise Cloud
OS software to bring one-click application management and mobility
across public, private and distributed edge clouds so they can run
any application at any scale with a dramatically lower total cost
of ownership. The result is organizations that can rapidly deliver
a high-performance IT environment on demand, giving application
owners a true cloud-like experience. Learn more at www.nutanix.com
or follow us on Twitter @nutanix.
© 2018 Nutanix, Inc. All rights reserved. Nutanix, the
Enterprise Cloud Platform and the Nutanix logo are registered
trademarks or trademarks of Nutanix, Inc. in the United States and
other countries. All other brand names mentioned herein are for
identification purposes only and may be the trademarks of their
respective holder(s).
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version on businesswire.com: https://www.businesswire.com/news/home/20180319005723/en/
Nutanix RuderLuica Mak, +44 790 547
1332luica.mak@nutanix.comorFinn Asia (for Nutanix)Shipra Singh, +91
9769496988singhs@ruderfinnasia.com
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