Posted by Bangalore: Mindgate Solutions has adopted Red Hat OpenShift to modernize UPI (Unified Payment Interface) its real time payment services. With OpenShift, Mindgate Solutions will provide a set of fully cloud-native offerings that can be deployed on any infrastructure.
Red Hat is helping Mindgate better adapt to the payment needs of one of the world’s largest digital economies through cloud technology. It allows Mindgate be more responsive to this dynamic market.
By adopting Red Hat’s modern cloud architecture and advanced cloud tooling, Mindgate will be able to release software more frequently while supporting the needs for an always-on service that its customers need.
Mindgate has also joined the Red Hat OpenShift Practice Builder Program. The program is designed to help systems integrators (SIs) build expertise on Red Hat OpenShift developer tools. And enable them to build and modernize applications for the cloud, help deliver new services at lower cost and push development for faster return on investment.
Mindgate Solutions is a payments technology and transaction processing company and offers personalised digital payment solutions. Banks, corporate, government & processors/aggregators among among its customers based in over 21 countries across Asia and Middle East markets.
It will build new generation payment gateways and digital platforms for both retail and corporate clients using Red Hat OpenShift.
93% of financial services organisations say open source technologies are strategically vital for current and future plans, reveals State of Enterprise Open Source Report. Pointed out Neeraj Bhatia, Director, Partner and Commercial sales – Red Hat India & South Asia.
“Red Hat’s enterprise open source solutions can help banks modernize systems, automate processes, and streamline application delivery for more efficiency, improved customer engagement, and lower costs,” said Bhatia.
“We are excited to collaborate with Mindgate Solutions on their journey to offer cutting edge payment solutions to banks, globally,” added Bhatia.
“We are excited to roll-out our UPI solution enabled by Red Hat OpenShift,” said Guhan Muthuswamy, Co-founder and Software Architect – Mindgate Solutions.
“Working with several large banks, we wanted to adopt containerized micro-services that empower us to innovate rapidly, because discrete functionality can be in essence walled off from the rest of the payments platform via independent API call,” commented Muthuswamy.
“To achieve this, the role of a strategic partner like Red Hat is key and we are certain that this collaboration will accelerate our growth with the scalability and flexibility, ” added Muthuswamy.
The company’s software processes over 1 billion payment transactions per month globally in real time. UPI has emerged as a preferred real time payments network – recording over 1.5 billion transactions in July 20201.