XXImo, a corporate mobility payments platform, is set to become one of the first EU Visa card issuers to process payments entirely through the Amazon Web Services (AWS) Cloud in Q1 2024.
By processing payments through AWS Payment Cryptography and Visa Cloud Connect, XXImo is hoping to optimise operational expenses and scale its business to help make flexible mobility payments accessible to corporate employers and resellers across Europe.
Processing its payments entirely through AWS will also help XXImo scale and optimise its platform requirements, as well as give it the infrastructure to rapidly expand its business throughout Europe.
Zaheer Sacranie, chief technology officer at XXImo, said: “Going all-in on AWS and processing payments in the cloud will transform our business, providing a powerful new foundation for growth and innovation. This is an investment in the future of XXImo that we believe is already delivering strong returns.”
As a licensed Payment and Electronic Money Institution (EMI), XXImo offers mobility payment cards with compliant payment processing directly to corporations, and as white-label solutions to resellers in the fuel, parking, charging, fleet management and leasing space. XXlmo projects that the demand for these compliant services will drive significant growth over the next two years.
Tanuja Randery, managing director of AWS Europe, Middle East, and Africa, also commented on the news: “XXImo’s commitment to innovation and enabling sustainability for its customers aligns perfectly with AWS’s own values. This opens up exciting potential synergies between the two businesses going forward, and we’re looking forward to seeing where XXImo’s innovative use of the cloud will take it next.”
Growing demand for sustainability reporting
XXImo supports modern mobility policies and provides its customers with detailed analysis of their employees’ mobility footprint, enabling them to meet requirements for reporting carbon emissions from their businesses.
With XXImo cards accepted over the entire mobility network, including air travel, hotels, all forms of public transport, car hire, bike and scooter sharing and fuel, customers can give their employees more options for how they travel while measuring and managing their environmental impact.
XXImo is responding to the growing demand driven by sustainability reporting and regulations by going all-in on AWS, closing its data centres and migrating all operations to AWS. This will help ensure continuity, security, as well as scalability for its payment processing platform.
Implementing a cloud-native strategy with AWS will also enable XXImo to expand the scope of its research and development with Amazon Bedrock and Amazon SageMaker, exploring how generative artificial intelligence can improve the experience of managing mobility for customers and their employees while using machine learning to add new layers of analysis to its reporting.
