If you have been following fintech enablement platform Ukheshe Technologies of late, you will know that the company has been making rapid expansions into territories outside of South Africa.
In order to assist with those expansions, Ukheshe has chosen to partner with hyperscaler Amazon Web Services (AWS).
As a member of the AWS Partner, the company now states that it has enhanced scalability and responsiveness when it comes to spinning up operations in territories that require rapid and secure transactions.
“Ukheshe now leverages Amazon Elastics Container Service (Amazon ECS) to run highly secure, reliable containers, enabling it to save up to 50 percent on computing costs with autonomous provisioning, auto-scaling, and pay-as you-go pricing. Amazon ECS is ideal as the service integrates seamlessly with AWS management and governance solutions which are standardised for compliance with virtually every regulatory agency around the globe,” it explained in a press release sent to Hypertext.
“The unicorns of Africa like Chipper Cash have selected our platform to scale at speed in territories across the globe with the ability to move cash effectively and efficiently, at a fraction of the cost banks typically charge. It’s these unique value propositions that provide cost effective financial inclusion offerings and encourage large African fintech players like Sasai and MTN MoMo to scale with us,” enthused Ukheshe president of Global Partnerships, Donovan Drew.
Proof of the benefit that AWS’ partnership brings includes the act that Ukheshe has serviced more than 474 000 merchants, signed more than 50 enterprise deals, and grown its staff complement to over 100 people in a relatively shirt amount of time.
“Ukheshe is on a remarkable growth path, and we are delighted to partner with them as they innovate on behalf of their customers. The AWS architected framework looks after the six pillars of success, including: security/regulation, resilience, scale, efficiency, sustainability, and of course, balances the pillars into costs,” adds Henri Zietsman, Startup & Venture Capital Business Development manager.
It will therefore be interesting to see what this partnership in particular will mean for the fintech specialist in the coming months and years, especially as it has been quite aggressive with its expansion efforts.
