Payments

Western Union selects AWS as preferred cloud provider

  • The 168 year old financial services firm is making moves for the future.
  • It's turning to AWS to build cloud-native applications and service Amazon shoppers in local currencies.
close

Email a Friend

Western Union selects AWS as preferred cloud provider

Today, Amazon Web Services announced that Western Union has selected AWS as its preferred long-term strategic cloud provider.

What’s happening: Western Union plans to move a significant portion of its infrastructure to the cloud.

  • With this move to AWS, Western Union will migrate from current datacenters to a microservices architecture, gaining the ability to build and support its applications, regardless of scale, load, or complexity.
  • Western Union plans to use a mix of AWS machine learning, analytics, database, serverless, containers, and security services to update its current systems and products, and to build new cloud-native applications.
  • AWS will enable Western Union to strengthen its money movement platform using Amazon PayCode, a new payment option available in 21 countries including the US, Chile, Colombia, Peru, the Philippines. With PayCode, shoppers can pay for their Amazon purchases in local currency, through Western Union’s network.

Western Union is in a multi-year process to digitize the 168 year old financial services firm.

  • The money movement firm continues to look for ways to improve the customer experience over a variety of channels.
  • Newer platforms like Currencycloud and TransferWise are gunning for Western Union’s international payments business by partnering with banks to service their customers.
  • AWS supports cloud services for financial firms like Liberty Mutual and Capital One.

“Our transition to the cloud will enable Western Union to expand our digital footprint and work more efficiently as we evolve to meet the needs of our business and customers. The elasticity and agility that AWS provides will enable us to transform the way we operate and become a cloud-first organization,” said Amit Sharma, chief information officer of Western Union.

0 comments on “Western Union selects AWS as preferred cloud provider”

Payments

With Direct Payouts, Visa can push payments to cards and accounts cross border

  • Visa Direct has built an ecosystem of senders and receivers powered by push payments.
  • Visa is now launching Visa Direct Payouts, extending push payments cross border and to more types of accounts.
Zachary Miller | March 30, 2021
Payments

‘Payment companies are taking a clear political stance’: Politics and payments in the wake of the Trump administration

  • Should payments be politicized? As more than 400 people face criminal charges for the Capitol riots, we explore the repercussions on the payments industry.
  • Experts weigh in on potential polarization and regulations in the long term.
Rimal Farrukh | March 24, 2021
Payments

‘2020 was the year of QR code adoption — 2021 will be the explosion’: QR codes continue to climb in popularity

  • Past the three-month mark of 2021, we’re still seeing QR codes grow in popularity.
  • But how this payment method will expand continues to leave the future of QR codes kind of blurry.
Rivka Abramson | March 18, 2021
Payments

Baseball fans will get a cashless payment experience when they re-enter Petco Park this season

  • Baseball fans will have a cashless experience when they re-enter San Diego Padres' Petco Park next season.
  • The team signed a partnership with Tappit to enable fans to make transactions through the MLB Ballpark app at the stadium.
Rimal Farrukh | March 18, 2021
Payments

Subway standardizes payments across its stores and geographic footprint

  • Subway now offers a standardized payment solution across its European franchisees.
  • Amadis and Worldline are part of nexo standards, a member association which aims to globally standardize payment processes.
Rivka Abramson | March 12, 2021
More Articles