Paysafe, a leading specialized payments platform, has announce the latest milestone in its strategy to become a fully cloud-based payments provider with the migration of its digital wallets, Skrill and NETELLER, and all associated business services to Amazon Web Services (AWS).
The move to AWS has enabled Paysafe to scale its Digital Wallet operations to drive increased efficiency and innovation behind its consumer solutions and reduce the deployment time of its merchant integrations by approximately 80%, accelerating time to market for its business customers.
The migration of Paysafe’s Digital Wallets services represents the completion of the transition of the company’s broad portfolio of mission critical workloads to the cloud with AWS. It follows the transition of Paysafe’s eCash solutions earlier this year.
By moving its mission critical workloads to the cloud, Paysafe now has the ability to open up new revenue streams by combining numerous business lines to create innovative and frictionless services based on real-time insights. At the same time, the company is poised to make considerable savings in hardware investment costs by operating in the cloud.
Roy Aston, Chief Information Officer at Paysafe, said: “We began our relationship with AWS at the onset of the pandemic, and we have developed a deep collaboration between our two companies over the last 18 months. By moving the majority of our critical workloads to the cloud, we have been able to rapidly respond to new market conditions and changing consumer needs. We are excited to continue our strategic collaboration with AWS and further solidify our commitment to developing new cloud-native consumer wallet products for our business and consumer customers.”
“Paysafe’s dedication to modernizing its infrastructure using AWS is a testimony to the company’s commitment to deliver innovative payment solutions for its consumer and business clients,” said Scott Mullins, Managing Director, Worldwide Financial Services Business Development at Amazon Web Services. “We look forward to our continued collaboration with Paysafe, and we are excited to support the company’s mission to become a fully cloud-based payments provider.”
