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Mindgate partners for scalability, reliability, and growth
Headquartered in India’s financial capital, Mumbai, Mindgate Solutions stands at the forefront of the digital payments revolution in India. With social media applications set to manage exponential growth in unified payments interface (UPI) transactions, India’s payment technology leader needed to move its business-critical UPI solution from a monolithic to a microservices architecture. Red Hat OpenShift provides the robust and highly scalable foundation needed while establishing a continuous integration and continuous delivery (CI/CD) pipeline. Partnering with Red Hat through the Red Hat Independent Software Vendors (ISV) Program provides direct access to Red Hat technology experts and training while growing new growth opportunities.Benefits: Managed growth thanks to a solid partnership and robust technologyAssured stability, performance, and scalability of the business-critical UPI platformEstablished a CI/CD pipeline for rapid change
Leading digital payments in and beyond India
Established in 2008 by 2 entrepreneurs passionate about digital payments, Mindgate Solutions (Mindgate) has been at the forefront of the digital payments revolution in India from its inception. Today, it remains a key player in payments technology and transaction processing in India. “India is a pioneer in real-time payments,” said Guhan Muthusamy, Co-Founder and Head of Products at Mindgate. “The industry is poised to grow 4 to 5 times in the next 24 months as more countries adopt real-time payment ecosystems.” Beyond India, Mindgate also has a presence across the globe, most notably in the Middle East, Asia, and the United States. Mindgate’s solutions include everything from new-generation corporate transaction banking to mobile-based collections. Its UPI solution integrates with payment platforms, such as the UPI instant real-time payment system developed by the National Payments Corporation of India (NPCI). On a monthly average, UPI facilitates more than 8 billion inter-bank transactions. Today, Mindgate handles close to 70% of UPI transactions through its partner banks. From day 1, Mindgate built its UPI solution on open source technology. “Our UPI solution started as a monolithic application with a Spring architecture,” said Muthusamy. “We were able to handle around 16 million transactions per day but expect UPI transactions to grow 5-fold in the next couple of years driven by in-app payments in social media apps; we needed a larger-scale solution.”
