[March 20, 2018] |
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Spice Money Transforms Digital Payments for Millions of Users with Nutanix
Nutanix (NASDAQ: NTNX),
a leader in enterprise cloud computing, today announced the deployment
of the Nutanix Enterprise Cloud OS software at Spice Money, a digital
wallet subsidiary of Spice Digital Limited. Spice Money chose Nutanix to
help with scaling transactions, streamlining their data center
management and reducing costs to deploy their services.
Spice Money is used mainly for money transfers within India, and
processes over 4 million transactions for more than 2 million customers
every month. To date, Spice Money has achieved a Gross Transaction Value
(GTV) of $1 billion USD.
Keeping up with its exponential growth while retaining innovation, high
performance and reliability of the service are critical objectives for
Spice Money. Digitization and digital payments are key areas of growth
across India and customers are increasingly demanding faster and more
secure services. Data protection and compliance were also important
considerations in their selection of the Nutanix Enterprise Cloud
solution.
As a result of their Nutanix deployment, the company has been able to
achieve higher productivity with significantly lower total cost of
ownership (TCO). To date, Spice Money has experienced an almost 50%
reduction in its overall infrastructure costs and an approxmately 40%
improvement in its transaction processing speed.
Nutanix has also helped streamline Spice Money's performance monitoring
process using Nutanix Prism, which allows one centralized control plane
to manage Spice Money's compute, storage, hypervisor, network
visualization, backup and Disaster Recovery management resources.
Spice Money also selected the Nutanix integrated hypervisor, AHV, to
further reduce the cost of virtualization licenses, maintenance and
support. The ease of provisioning resources with Nutanix also allows
Spice Money to prepare for disaster recovery scenarios. With their newly
modernized IT infrastructure, Spice Money is expecting more efficient
use of existing resources, benefiting both the company and its millions
of customers.
"Legacy IT infrastructure is inflexible, vulnerable to outages and
ill-suited to the heavy demands of digital and mobile banking.
Three-tier infrastructure doesn't scale and is expensive, making it
impractical for a fintech conglomerate such as ourselves," said Mr.
Saket Agarwal, Global CEO of Spice Money. "With our hyperconverged
solution from Nutanix, we have dramatically reduced network latency and
increased network capacity. Nutanix also allows us to easily perform
infrastructure re-provisioning, ensuring quick recovery in the event of
a disaster or server outage."
"Our software-centric approach enables companies like Spice Money to
reduce the cost and time spent on building and running their
infrastructure, so they can focus on delivering true business value to
customers," said Sunil Mahale, Vice President of Nutanix India. "We are
pleased that the Nutanix Enterprise Cloud OS software has helped ensure
a delightful user experience for Spice Money customers. We are confident
that by using Nutanix, Spice Money can continue to see the value-added
benefits of the modernized data center."
About Nutanix
Nutanix is a global leader in cloud software and hyperconverged
infrastructure solutions, making infrastructure invisible so that IT can
focus on the applications and services that power their business.
Companies around the world use Nutanix Enterprise Cloud OS software to
bring one-click application management and mobility across public,
private and distributed edge clouds so they can run any application at
any scale with a dramatically lower total cost of ownership. The result
is organizations that can rapidly deliver a high-performance IT
environment on demand, giving application owners a true cloud-like
experience. Learn more at www.nutanix.com
or follow us on Twitter (News - Alert) @nutanix.
© 2018 Nutanix, Inc. All rights reserved. Nutanix, the Enterprise Cloud
Platform and the Nutanix logo are registered trademarks or trademarks of
Nutanix, Inc. in the United States and other countries. All other brand
names mentioned herein are for identification purposes only and may be
the trademarks of their respective holder(s).
View source version on businesswire.com: https://www.businesswire.com/news/home/20180319005723/en/
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