Nigeria, Africa, August 23 2019: Veeam® Software, the leader in backup solutions that enable Cloud Data Management™, has helped Xpress Payment Services Limited, a leading provider of electronic (ePayment) transaction solutions, minimize the risk of downtime, accelerate time to market for new products and services, and comply with the Payment Card Industry Data Security Standard (PCI DSS) and the Central Bank of Nigeria.
Africa has the world’s second-fastest-growing ePayments market after Asia-Pacific, according to the McKinsey Global Banking report released in 2018. The volume of cashless transactions grew by 13% annually between 2014 and 2016, driven by improved availability, reliability and security of electronic channels. Forty percent of Africans prefer ePayment transactions, and in Nigeria where Xpress Payment Solutions operates, 59% prefer ePayment transactions.
Xpress Payment Services had been using legacy backup to protect the critical systems supporting ePayment transactions — Oracle Database and SQL Server — but it was slow and difficult to use, potentially delaying new product development and time to market. The company tests new products rigorously before releasing them to ensure they process Visa and Mastercard efficiently. Losing test data could slow down a product launch by three to six months and cost the company money.
Xpress Payment Services replaced legacy backup with Veeam Backup and Replication™ and immediately minimized the risk of downtime. “Veeam backs up, replicates and recovers data in Oracle and SQL quickly, easily and reliably, helping us accelerate time to market for new products and services,” said Kehinde Owolabi, Lead, IT Infrastructure, Xpress Payment Solutions. “Veeam can even create the testing environments for new product development.”
That feature is called Veeam DataLabs™. It offers several capabilities that help companies leverage data to accelerate their pace of innovation, including On-Demand Sandbox™ to create isolated environments for testing and troubleshooting — something legacy backup did not offer. Replication is something else legacy backup did not offer. Replica failover strengthens the company’s strategy for business continuity (BC) and disaster recovery (DR), making it easier to comply with PCI DSS and the Central Bank of Nigeria. The Central Bank of Nigeria licensed Xpress Payment Solutions to connect with 19 Nigerian banks and offer ePayment solutions to public and private sector clients, such as schools, government ministries, departments and agencies.