Aerospike Partners with Mindgate Solutions to Boost India’s Digital Payment Infrastructure

India, August 21, 2024 – Aerospike, Inc., a leading provider of database solutions, has teamed up with Mindgate Solutions, a key player in payments technology and transaction processing, to enhance real-time payment (RTP) systems for India’s financial sector. This partnership aims to elevate Aerospike’s position in the payments industry by delivering swift and seamless transaction capabilities to global customers.

As digital payments grow, there is a rising demand for transactions that are secure, seamless, and instantaneous. Mindgate Solutions leads this field, processing over 7 billion digital payments each month and handling about 50% of UPI transactions through its partner banks. Aerospike’s real-time database provides the high throughput, sub-millisecond transaction response times, and scalability needed for modern payment systems, ensuring a superior customer experience. The integration of Aerospike with Mindgate’s real-time payment solutions will offer unmatched efficiency and reliability in the payments sector.

Key Advantages of the Partnership

– High Resiliency: Minimizes reliance on Relational Database Management Systems (RDBMS) to ensure service continuity during peak transaction periods.
– Cloud Agnostic: Supports both multi-cloud and on-premises deployments for flexible and scalable solutions.
– High Throughput: Accommodates increased transactions per second (TPS) to meet rising digital payment demands.
– Low Latency: Enhances transaction response times for a better user experience.
– Active-Active Geo-Distributed Application: Guarantees continuous availability and disaster recovery across various locations.
– Scale on Demand: Allows for linear scalability to handle growing demands without performance degradation.

Aveekshith Bushan, Vice President and GM for Asia Pacific and Japan at Aerospike, expressed enthusiasm about the partnership, highlighting its role in supporting India’s rapidly expanding digital payment ecosystem. He noted that Aerospike’s platform is well-suited to meet the high demands of modern payment systems, offering exceptional performance, reliability, and scalability. Since integrating with Aerospike, Mindgate Solutions has achieved a 25% increase in transaction throughput and has effectively managed billions of digital payments monthly, reinforcing its leadership in India’s payment sector.

George Sam, Co-founder and Business Head at Mindgate Solutions, emphasized the partnership’s impact on real-time payment processing, noting that Aerospike’s high throughput and low latency capabilities will enhance performance and reliability. He sees this collaboration as a crucial step toward building a robust digital payment infrastructure that will drive economic growth and inclusion.

As India’s digital payments market continues to expand, the collaboration between Aerospike and Mindgate Solutions marks a significant advancement toward a more connected and digitally empowered nation.