Paysafe Selects AWS for its Strategic Cloud Services to Drive Innovation in Digital Commerce
April 29 2021 - 4:00AM
Business Wire
Leading specialized payments platform
announces strategic collaboration with AWS, moving online payments
processing to the cloud to support growth and become a more-data
driven organization
Leading specialized payments platform, Paysafe (NYSE: PSFE),
announces it has signed a global multi-year 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 mission critical workloads,
including eCash solutions, paysafecard and Paysafecash, and its
digital wallets, Skrill and NETELLER, to AWS to develop new
cloud-native merchant payment and consumer wallet products for its
business and consumer customers. The first milestone of the
collaboration has already been completed with the transition of
Paysafe’s eCash solutions to the cloud.
The move to AWS supports Paysafe to leverage data to drive
customer acquisition and engagement, as well as to run and scale
products and applications for its North American and European
operations in a highly reliable manner. Collectively, Paysafe’s
solutions are actively used by more than 15 million people across
more than 120 countries and support thousands of businesses to
offer popular alternative payment methods.
Paysafe’s partners will also benefit from its cloud-first
approach, making it easier for merchants and other third parties to
connect to the Paysafe Network using an API-based integration. The
real-time transactional processing powered by AWS will allow
merchants to offer a frictionless customer experience at the point
of sale.
Roy Aston, Chief Information Officer at Paysafe, commented:
“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. We’re excited by the
year ahead as we leverage the power of technology across the
business, through a combination of our own in-house product
development as well as our work with strategic organizations, such
as AWS. We are also focused on areas such as machine learning, risk
management, and customer insights.”
As part of the agreement with AWS, Paysafe is creating a
centralized, curated, and secured repository for all of its
consumer and merchant data using Amazon Simple Storage Service
(Amazon S3), AWS analytics, and AWS security to build a data lake
to store, protect and organize their data. This scalable data lake
will use AWS’s analytics services to further enhance the consumer
experience, as well as to help Paysafe quickly and cost-effectively
identify, prioritize, and evaluate risks in near real-time.
“We are delighted to support Paysafe as they leverage AWS to
offer frictionless customer experiences and uncover real-time
insights,” said Scott Mullins, Managing Director, Worldwide
Financial Services Business Development at Amazon Web Services,
Inc. “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.”
About Paysafe Paysafe Limited (“Paysafe”) (NYSE: PSFE)
(PSFE.WS) is a leading specialized payments platform. Its core
purpose is to enable businesses and consumers to connect and
transact seamlessly through industry-leading capabilities in
payment processing, digital wallet, and online cash solutions. With
over 20 years of online payment experience, an annualized
transactional volume of US $92 billion in 2020, and approximately
3,400 employees located in 12+ global locations, Paysafe connects
businesses and consumers across 70 payment types in over 40
currencies around the world. Delivered through an integrated
platform, Paysafe solutions are geared toward mobile-initiated
transactions, real-time analytics and the convergence between
brick-and-mortar and online payments. Further information is
available at www.paysafe.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210429005438/en/
Anna Howard, Director of Communications, Europe and Asia,
Paysafe Anna.howard@paysafe.com Phone: +442038908975
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