Red Hat Inc has announced that Ascend Money, one of ASEAN's leading fintech companies, has selected Red Hat technologies to help enable and accelerate electronic payments across the region.
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 help to provide a consistent, open standards-based platform to better enable the rapid delivery of application services across the countries served by Ascend Money, Red Hat said in a press statement.
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 expanded functionality.
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. Built on open innovation and industry standards, including Red Hat Enterprise Linux and Kubernetes, Red Hat OpenShift Container 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.
Red Hat OpenShift Container Platform unites developers and IT operations on a single platform to build, deploy, and manage applications consistently across hybrid cloud infrastructures. This helps businesses achieve greater value by delivering modern and traditional applications with shorter development cycles and increased efficiencies. The platform is built on open source innovation and industry standards, including Red Hat Enterprise Linux and Kubernetes, and is trusted by many companies around the world.
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.