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Nutanix has announced the deployment of the Nutanix Enterprise Cloud OS software at Spice Money, a digital wallet subsidiary of Spice Digital Limited. Spice Money chose Nutanix to help with scaling transactions, streamlining their data center management and reducing costs to deploy their services.

Spice Money is used mainly for money transfers within India, and processes over 4 million transactions for more than 2 million customers every month. To date, Spice Money has achieved a Gross Transaction Value (GTV) of US$1 billion.

Keeping up with its exponential growth while retaining innovation, high performance and reliability of the service are critical objectives for Spice Money. Digitization and digital payments are the key areas of growth across India and customers are increasingly demanding faster and more secure services. Data protection and compliance were also important considerations in their selection of the Nutanix Enterprise Cloud solution.

As a result of their Nutanix deployment, the company has been able to achieve higher productivity with significantly lower total cost of ownership (TCO). To date, Spice Money has experienced an almost 50% reduction in its overall infrastructure costs and an approximately 40% improvement in its transaction processing speed.

Nutanix has also helped streamline Spice Money’s performance monitoring process using Nutanix Prism, which allows one centralized control plane to manage Spice Money’s compute, storage, hypervisor, network visualization, backup and Disaster Recovery management resources.

Spice Money also selected the Nutanix integrated hypervisor, AHV, to further reduce the cost of virtualization licences, maintenance and support. The ease of provisioning resources with Nutanix also allows Spice Money to prepare for disaster recovery scenarios. With their newly modernized IT infrastructure, Spice Money is expecting more efficient use of existing resources, benefiting both the company and its millions of customers.