The market for cloud computing services is maturing and rapidly evolving. Just a few years ago, tech start-ups were the primary users of public cloud services. Today, large corporations and many technology companies use public cloud computing services for power and low cost infrastructure. Amazon Web Services (AWS) has emerged as a leader in this space and as an important technology provider to other organizations.
In the payment services business, this is significant because it accelerates innovation and technology adoption. Technology companies are able to leverage public cloud infrastructure to develop services faster and businesses can implement them faster and at a lower cost.