TrueMoney to adopt Red Hat solutions

FinTech Innovation editors
04 Jun 2018
Daily News

True Corporation spin-off Ascend Money has engaged Red Hat technologies to help enable and accelerate electronic payments across Thailand and the wider Southeast Asia region.

Fintech company Ascend Money’s TrueMoney payment platform serves more than 30 million people through its e-wallet app and 50,000 agent networks. TrueMoney supports bill payments, mobile top-ups, money transfers, and online and offline payments.

As its user base expanded, Ascend Money faced challenges integrating its systems and scaling across new and growing markets.

With customer service a key factor in the payment platform’s success, Ascend Money began to search for a more flexible and scalable open source platform that could support its current and future business goals, including bringing the app to unbanked and underbanked users in more countries and expanding its functionality.

Forming the foundation for the company’s growing financial solutions will be Red Hat OpenShift Container Platform, Red Hat Ansible Automation and Red Hat Satellite, which aim to provide a consistent, open standards-based platform to better enable the rapid delivery of application services across the countries served by Ascend Money.

As the company rolls out its new application foundation, Ascend Money plans to use Red Hat OpenShift Container Platform to more rapidly create, host, and scale applications across hybrid and multi-cloud environments.

The platform helps Ascend Money unite its developers and IT operations teams on a single platform for modern and traditional applications with shorter development cycles and increased efficiencies.

Ascend Money has also selected Red Hat Ansible Automation and Red Hat Satellite to provide effective management and automated provisioning of infrastructure across all environments.

First published in FinTech Innovation

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