Paysafe Teams up with AWS to Drive Innovation in Digital Commerce

Paysafe​, a leading specialized payments platform, announced its strategic partnership with Amazon Web Services (AWS) in order to become a fully cloud-based payments provider.

Through this partnership, 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 move to AWS supports Paysafe to make use of 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.

Commenting on the collaboration, Roy Aston, Chief Information Officer at Paysafe 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. 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.”