MARCHASIA BUSINESS OUTLOOK9NEWSROOMZOOM TO SCALE UP DATA CENTRE CAPACITY IN INDIAVistra and Airwallex are collaborating to enable customers to expand into new markets more effectively through the simplification of intricate cross-border business and finance operations. By sharing common priorities in reaching global markets and technology innovation, the collaboration expects to drive the acceleration of clients' growth as well as broaden their international abilities.Jonathon Clifton, President of Global Solutions at Vistra, commented: "Embedded finance is part of our ambition to give clients the necessary tools to conduct and grow their global business with ease. Whether they want to transfer funds between their entities, pay employees or suppliers, they can now do so faster and with access to best FX rates any day of the week, while managing other entity-related tasks all in one unified place on the Vistra Platform. Our clients will experience real tangible benefits in terms of time and cost savings which is game-changing for them, and the industry at large."Arnold Chan, General Manager, APAC, Airwallex, said: "Airwallex is excited to partner with Vistra, as our visions align perfectly. Vistra's dedication to global progress and long-term value creation complements Airwallex's commitment to building the best financial infrastructure for businesses to scale globally. Our all-in-one, multi-currency Business Account and embedded finance products will be a game-changer for Vistra's clients, providing them with more speed and flexibility as they expand into new markets."In addition to simplifying global operations, Vistra's customers will also be able to benefit from Airwallex's fast, convenient, and competitive foreign exchange services backed by 24/7 pricing. The association boosts operational efficiency and enables businesses to better traverse international markets with ease and speed. Zoom ­ the video communication platform company is looking to expand its data center capacity in India in an attempt to address the surging demand of its cloud-based phone system Zoom Phone, Zoom's president of product & engineering, Velchamy Sankarlingam stated.Zoom, which earlier had 2 data centers in India in Mumbai & Hyderabad, today has 6 more data centers for managing Zoom phone in circles. Once there is a surge in demand for Zoom Phone in other cities as well, the company will look forward to expand its data center capacity."It (expansion of Zoom Phone) depends on where we see the demand. In these six circles, we have our own customers who have their employees in these locations. And if the customers have employees in other circles, we could expand the services," Sankarlingam said, adding that besides Pune and Chennai, in all other circles Zoom Phone is being tested.According to Sankarlingam, Zoom Phone is getting good traction in Pune and Chennai, especially from multinational companies (MNCs). The same is because in India, most companies still use traditional systems such as private branch exchange (PBX), and would require cloud-based internet solutions. VISTRA & AIRWALLEX PARTNER TO BOOST BUSINESS GROWTH WITH EMBEDDED FINANCE
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