Millions of transactions are handled monthly by Monoova's in-house payments platform, which has handled transactions valued over $100 billion since its introduction in 2017.

The choice to implement Fastly was decided after a thorough proof-of-concept (POC) trial, according to Nicholas Tan, Chief Technology Officer of Monoova, during which the scalability and performance of the platform were rigorously monitored.

Tan stated, "The Proof of Concept showed that Fastly could provide the dependability we needed to support our quickly expanding clientele." "Fastly's strengths in the domains of web application and API security, DDoS (Distributed Denial of Service) mitigation, and SOC proficiency especially pleased us.

"Fastly is now our primary entrance. Everything is managed via it, including visitors to our public website, payments, and API.

Tan stated that because Fastly supports multi-cloud settings, it was also determined to be the most suitable security platform for Monoova. Monoova uses a hybrid cloud infrastructure that combines public, private, and third-party cloud resources to provide payment processing services.

Fastly enables us to consolidate such resources into a single management view, which is quite advantageous for us, according to Tan. It provides us with a control plane from which we can see all of our resources, no matter where they are being used.

This implies that our clients won't have to add any more manual procedures to their back office in order to digitize their whole payments process and gain access to our secure platform. It's true that electronic payments are getting faster, which is advantageous for customers and businesses alike. We are confident that Fastly provides a safe, effective infrastructure that can handle this fascinating development.

Growth in the future

Now that Fastly has been fully implemented, Monoova is in a good position to maintain its rapid expansion. Not only does the company facilitate conventional payment methods like BPay and Direct Debit, but it also gives its customers access to Australia's New Payments Platform services like PayID and PayTo. The company is leading the way in PayTo, facilitating over 70% of all active agreements in FY23, and an estimated 10% of all PayID merchants are registered with them.

Fastly's Area Vice President for Australia and New Zealand, Derek Rast, stated: "Innovative companies complement Fastly's objective to make the Internet secure, quick, and entertaining on a cultural level. We are thrilled to see Monoova leverage the robustness, security, and adaptability that Fastly offers to businesses, and we look forward to seeing the platform expand into new markets in 2024 and beyond.