Specialist payments platform, Paysafe, has entered into a global multi-year agreement with Amazon Web Services (AWS), which strengthens the firm’s plan to become a fully cloud-based payments provider.
Through this collaboration, Paysafe is migrating its portfolio of 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.
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 organisations, such as AWS. We are also focused on areas such as machine learning, risk management, and customer insights.”
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.
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.
“We are delighted to support Paysafe as they leverage AWS to offer frictionless customer experiences and uncover real-time insights,” added 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.”