Ascend Money selects Red Hat Solutions to accelerate electronic payment systems across Southeast Asia

SINGAPORE — May 28, 2018: Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today 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.

“At Ascend Money, we strongly believe in providing innovative financial services to better serve the underserved and digital consumers’ in Southeast Asia. On our road to digital transformation, it was critical for us to move to open source and take advantage of innovative technologies like Red Hat OpenShift Container Platform and Red Hat Ansible Automation to host and scale applications across hybrid and multicloud environments. We hope to ride on the growth of mobile payments in Southeast Asia by scaling our business footprint in the region in a cost-effective and efficient manner with Red Hat’s technologies.”

Jason Jackson group chief technology officer, Ascend Money

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.

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.

Supporting Quotes

Jason Jackson, group chief technology officer, Ascend Money:

“At Ascend Money, we strongly believe in providing innovative financial services to better serve the underserved and digital consumers’ in Southeast Asia. On our road to digital transformation, it was critical for us to move to open source and take advantage of innovative technologies like Red Hat OpenShift Container Platform and Red Hat Ansible Automation to host and scale applications across hybrid and multicloud environments. We hope to ride on the growth of mobile payments in Southeast Asia by scaling our business footprint in the region in a cost-effective and efficient manner with Red Hat’s technologies.”

Damien Wong, vice president and general manager, Southeast Asia, Taiwan and Hong Kong (SEATH), Red Hat:

“Today’s digital-first customers frequently expect applications to be agile, easy-to-use, and highly localized - capabilities that open source can deliver. With Red Hat OpenShift Container Platform, Red Hat Ansible Automation and Red Hat Satellite as its flexible, scalable foundation, Ascend Money can achieve enhanced business value by offering new features to customers more quickly while also maintaining a more secure and stable environment. We look forward to working with Ascend Money as it seeks to improve access to financial services in Southeast Asia.”