MoneySwap relocates servers to HK, eyes global expansion

MoneySwap migrates servers to HK to serve UnionPay customers (source: MoneySwap)

MoneySwap migrates servers to HK to serve UnionPay customers (source: MoneySwap)Fintech firm MoneySwap, which enables cross-border payments with China UnionPay, has deployed Rackspace Managed Cloud to improve its response time to China's 800 million UnionPay customers and fuel global expansion.

Headquartered in Hong Kong, MoneySwap has offices in the Philippines and the UK with plans to expand to more countries. MoneySwap provides merchants with access to its payment gateways and accepts payments from UnionPay cardholder. MoneySwap seeked a hosting partner that could support the real-time nature of its business, as the company could not afford any IT downtime.

"Rackspace offers us peace of mind and an easy way to run IT. Day or night, we can tap Rackspace experts and specialists when needed. We let Rackspace focus on our infrastructure and our team can focus on the core business and serving our customers," said Gil Prudente, the company's CIO, responsible for the group's IT infrastructure and information technology development.

MoneySwap chose Rackspace Managed Cloud with its customizable dedicated server solutions, and service level agreements with 24/7 support for mission critical requirements and bandwidth flexibility.

"We chose Rackspace because they gave us a well-designed and cost-effective solution that met our needs. Their technical expertise was obvious, and they did not push for the most expensive solution but rather the one that suited us best," said Mr Prudente.

MoneySwap moved its servers from Europe to Rackspace's data center in Hong Kong so the company could improve its response time to its users. Gil Prudente said: "The migration of our P2P platform from Europe to Asia went without a hitch. And, with Rackspace, we don't have to worry about the day-to-day maintenance of the servers and network equipment."

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