Aerospike & Mindgate partner to enhance India’s digital payments

Aerospike and Mindgate Solutions have announced a strategic partnership aimed at improving India's digital payment systems.

Aerospike, known for its high-throughput, low-latency database solutions, and Mindgate Solutions, a pioneer in payment technology, are set to enhance real-time payment systems for the Indian financial sector.

The collaboration leverages Aerospike’s advanced database capabilities to boost transaction efficiency and reliability, a necessity in a market that processes over 7 billion digital payments monthly. Key enhancements from the partnership include high resiliency, cloud-agnostic deployment, active-active geo-distribution, and on-demand scalability. The integration of these technologies has already resulted in a 25% increase in transaction throughput for Mindgate, reinforcing its leadership in India’s digital payment ecosystem.

"We are thrilled to partner with Mindgate Solutions and support the rapid growth of India's digital payment ecosystem," said Aveekshith Bushan, Vice President and GM, Asia Pacific and Japan, Aerospike. "Our real-time data platform is uniquely positioned to handle the demands of modern payment systems through superior performance, high availability, and extreme scale. Together with Mindgate, we are redefining the future of digital payments in India.”

Mindgate Solutions processes about 50% of UPI transactions through some of its leading partner banks, positioning itself at the forefront of the digital payment revolution. Aerospike’s real-time database is expected to enhance these operations further by delivering high throughput, sub-millisecond transaction response times, and massive scalability. This integration is aimed at offering unparalleled efficiency and reliability to the payments sector.

The partnership between Aerospike and Mindgate comes at a pivotal time for India's digital payment market, which is poised for significant growth. Key benefits outlined in the partnership include:

• High Resiliency: Reduces dependency on Relational Database Management Systems (RDBMS), ensuring uninterrupted service even during high transaction volumes.
• Cloud Agnostic: Offers multi-cloud and on-premises deployment options for flexible and scalable solutions.
• High Throughput: Enables higher transactions per second (TPS) to support the growing demand for digital payments.
• Low Latency: Provides better transaction response times for an enhanced user experience.
• Active-Active Geo-Distributed Application: Ensures continuous availability and disaster recovery across multiple geographic locations.
• Scale on Demand: Facilitates linear scalability to meet increasing demand without compromising performance.

"Partnering with Aerospike allows us to push the boundaries of what’s possible in real-time payment processing. With Aerospike’s high throughput and low latency database, we can offer our clients enhanced performance, ensuring faster and more reliable transactions. This partnership is a significant step towards building a robust digital payments infrastructure that will drive economic growth and inclusion," stated George Sam, Co-founder and Business Head at Mindgate Solutions.

The collaboration between Aerospike and Mindgate Solutions represents a significant milestone in strengthening India's digital payment data infrastructure. With the enhancements brought forward by Aerospike’s database technology, the partnership aims to support a more connected and digitally empowered India.