Mar 10, 2020

Using AWS’ global infrastructure, and breadth and depth of services, RedCloud’s Cloud-based platform provides a scalable, capital efficient solution to digitise 500m offline retailers currently excluded from digital payments and online commerce
London, Mar 10, 2020 (Issuewire.com) - RedCloud Technologies, a global provider of digital commerce and mobile payments technology, digital data and payments services, has released its new generation cloud-based platform for retail digitization, built on Amazon's AWS cloud-infrastructure, and utilizes the same core technology behind the highly successful Kenyan mobile payments platform, M-Pesa.
RedCloud plans to leverage AWS' unmatched portfolio of services, including machine learning, analytics, storage, security, and databases to continue the successful rollout of its cloud-based mobile commerce and digital payments platform that digitizes offline retailers allowing them to make fully digital, bankless and cardless digital B2B payments, and subsequently utilizes the network of retailers that RedCloud digitizes to provide physical Point-of-Sale for digital-only brands like Mobile Airtime, Digital Media/Streaming Video on Demand (SVOD) and eCommerce providers.
RedCloud's userbase already consists of retailers of leading FMCG brands, including Coca Cola, with RedCloud having successfully launched with Coca Cola's Nigerian Bottling Company (NBC) last month in a bid to digitize over 1m offline Coca Cola retailers across Nigeria who currently sell over $5bn in Coca Cola, currently paid for in cash. In addition to its partnership with NBC, RedCloud's mobile commerce marketplace already hosts leading Telecom, Media, Transport and Utility companies, with the likes of Telefonica's Movistar telco network, Claro and AT&T's DirecTV media service all being hosted on RedCloud's cloud-based digital commerce platform, in addition to Argentina's national transportation smart card, Sube, and Argentina's largest electricity distributor, Edenor, also being hosted.
The AWS Partner Network (APN) is the global partner program for technology and consulting businesses that leverage Amazon Web Services to build solutions and services for customers. The APN helps companies build, market, and sell their AWS offerings by providing valuable business, technical, and marketing support.
Commenting on the partnership with AWS, RedCloud Chief Technology Officer, Paul Brandon, commented "RedCloud's mission is to connect millions of micro retailers to global and local brands, enabling offline consumers to enjoy the full online experience of choice, convenience and cost at their local store, and in doing so helping small businesses become part of the new commerce revolution. For long, Amazon and AWS have been supporters of small enterprises, particularly with AWS' provision of capital-efficient cloud-infrastructure, and we are excited to partner with AWS to help drive the digitization of SMEs around the world with our platform"
RedCloud joins an elite list of just tens of thousands of APN Partners across the globe, with over 90% of Fortune 100 companies and the majority of Fortune 500 companies utilizing APN Partner solutions and services.
About RedCloud
RedCloud is a UK based Financial Technology company with a mission to level the financial playing field for the underbanked. Through the RedCloud platform, unbanked and banked can access the world's first agent banking 'super-app', Red101 - without the need for a bank account or credit/debit card.
Downloading the super app gives users entry to RedCloud's Unique Agency Network, which utilizes the expansive retail infrastructure that exists in markets to allow merchants to monetize spare capacity of their storefronts and provide financial services to the unbanked to make deposits, withdraw cash, transfer money, and make online and offline sales, thereby creating a Financial Services Shared Economy and the world's first direct cash-to-mobile payments solution.
With RedCloud, unbanked users can transact without needing a debit card, credit card, or a brick and mortar bank, and do not need to maintain a minimum bank account balance, nor do they have to pay the high fees charged by banks, ATMs and payments processors.


Media Contact
RedCloud Technologies / Vik Pathak
Level 39, One Canada Square, Canary Wharf
http://www.redcloudtechnology.com
Source :RedCloud Technologies Ltd
This article was originally published by IssueWire. Read the original article here.
The Chinese coastguard has carried out an exercise featuring water cannons and drones near two disputed reefs in the South China Sea to prepare for “foreign infringement”, according to state broadcaster CCTV. A China Coast Guard (CCG) flotilla “recently” conducted “comprehensive maritime law-enforcement training” in the waters around Second Thomas Shoal and Sabina Shoal, CCTV said on Friday, without specifying when these took place. The two shoals – part of the disputed Spratly Islands – are at...
As tightening US visa restrictions and geopolitics lock out Asian researchers from Western institutions, South Korea is emerging as a new academic sanctuary for top talent. According to Yoo Ji-beom, president of Sungkyunkwan University (SKKU) in Seoul, that reflects a broader trend that has seen the West giving way to Asia after decades of dominance – particularly in the field of applied technology in China, Japan and South Korea. “Technological competition and global talent mobility are...
More than a month after sparking public outrage by soiling herself during Hyrox Beijing, Australian athlete Joanna Wietrzyk has announced she is “super excited” about returning to competition. In a new video posted on her social media, the 24-year-old said the past several weeks gave her an opportunity to re-examine the incident and learn from it. “So I’ve had some time to reflect over the past six to eight weeks of everything that happened in Beijing,” she said, offering another apology. “I...
China has successfully launched and landed a GJ-21 drone from its first Type 076 amphibious assault ship, state media said on Friday. The Sichuan conducted consecutive sea trials late this month, according to state broadcaster CCTV, which did not disclose the location. “The [People’s Liberation Army’s] first shipborne reconnaissance-strike stealth drone, the GJ-21, has successfully completed its maiden take-off and landing on the amphibious assault ship Sichuan,” the report said. “It represents...
Chinese President Xi Jinping renewed a years-long anti-corruption drive at a major Communist Party meeting, while the general who led a military anti-graft purge was promoted to the Politburo. The party must “ensure that officials do not have the audacity, opportunity, or desire to commit corruption”, read a communique passed at the fifth plenum of the party’s Central Committee. The document also highlighted “unwritten rules” as a key issue to address. Zhang Shengmin, Xi’s vice-chairman on the...
A leading economist warned on Thursday that the United States and China are in a “conflicted co-dependency” that this year’s two bilateral summits failed to address. “I think there’s a good chance that we’re in a temporarily more stable place. But to say that has solved the deep-rooted problems between us, I think is a real stretch,” said Stephen Roach, a veteran China-watcher and the former chairman of Morgan Stanley Asia, at the China Institute of America. “You mentioned the two summits that...
Amid attempts this year to impress each other with splendour, US President Donald Trump and Chinese President Xi Jinping appear to have decided that the relationship between their two countries should primarily run through their personal relationship. This has been a hallmark of the Trump years. The American executive branch has always held near-unilateral authority over foreign policy, but Trump has concentrated that in himself. Dozens of ambassadors and senior national security advisers have...
Beijing has provided new details on the scale of its anti-corruption drive across the People’s Liberation Army and defence industry, confirming that a fresh batch of senior figures is under formal investigation. They include top generals who once oversaw theatre commands, heads of the powerful Central Military Commission (CMC) General Office and executives in key defence companies. The names were included in a communique released on Thursday at the close of the fifth plenum of the Communist...
The Election Commission has declared RJD candidate Anil Jha elected from the Darbhanga Graduates constituency in the Bihar Legislative Council elections. Jha defeated sitting BJP MLC Sarvesh Kumar by securing 25,406 votes against his rival's 21,396. The RJD has now won two of the eight seats contested, improving its tally in the Upper House to 17.
A corporate employee's account of a printer that has been broken since 2021 but cannot be disposed of because of company policies has sparked online reactions. After repeated rejections from Finance and Facilities, the employee was eventually made the machine's official custodian, joking that it had more job security than he did.
Digital trust provider eMudhra appointed KPMG to conduct an independent review of a recent TLS certificate incident. This appointment follows a commitment made by the company to ensure clarity regarding the incident. The incident involved weak private keys associated with several certificate authorities, which remained undetected for a significant period. As a result, eMudhra has withdrawn from its global SSL/TLS certificate business due to security concerns.
The proposed council will bring together tourism experts, travel and tour operators, hotel and resort managers, hospitality professionals and other stakeholders from both countries
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.