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.
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.

Payments, Podcasts

Brex’s Henrique Dubugras on launching a business cash account and payments trends in 2020

  • Brex recently launched a cash management account for young, growing companies.
  • The firm's co-founder joins the podcast to talk about what where he sees the wind blowing in 2020 and beyond.
Zack Miller | December 11, 2019
Payments

Visa partners with MFS Africa to expand digital payments across the continent

  • While Africa has high levels of mobile wallet adoption, it's not really connected to the global payments ecosystem.
  • Through a deal with MFS Africa, Visa is helping connect 180 million mobile wallets to digital payments.
Zoe Murphy | December 11, 2019
Payments

What’s behind software companies becoming payment companies?

  • Software companies are increasingly getting deeper into payments.
  • This increases revenues and expands their total addressable markets.
Zack Miller | December 03, 2019
Payments

A new leg of growth: Brex launches first co-branded card with Bank of the West

  • Bank of the West startup customers can apply and receive for a co-branded credit card.
  • This is the first time Brex has launched a co-branded card.
Zoe Murphy | November 06, 2019
Payments

Research: How Apple Card is performing after its public launch

  • After touting Apple Card's successful launch, Goldman Sachs finally provides the public with some data.
  • After publicly launching in third quarter, Goldman has extended almost $10 billion in credit.
Zoe Murphy | November 04, 2019
More Articles