Mindgate solutions honored at Red Hat partner awards in India and South Asia

Mumbai, December 2021: Mindgate Solutions Pvt Ltd, an end-to-end digital payment solutions company, today announced it has been recognised as a “Game Changer” independent software vendor (ISV) partner as part of the Red Hat Partner Awards 2021 in India and South Asia. The company was honored for its efforts to accelerate innovation in the payments industry in India with Red Hat.

The company collaborated with Red Hat, the world’s leading provider of open source solutions, in 2020 to modernise its real-time payment services. Since then, Mindgate Solutions has worked towards personalising digital payment solutions for banks, corporations, government institutions and aggregators from over 21 countries across Asia and the Middle East.

The annual Red Hat Partner Awards 2021 in India and South Asia recognise partners in the region for their continued commitment to using open source technologies to bring digital transformation across industries.

Speaking on receiving the recognition, George Sam, co-founder and director, Mindgate Solutions, said, “The recognition of being a ‘game changer’ is a testament to our continuous efforts to help our clients from across the globe redraw the payments landscape. As we continue to pursue new ideas and technology breakthroughs, the collaboration with Red Hat can enable us greater scalability and flexibility.”

Adding further, Marshal Correia, vice president and general manager, India, South Asia at Red Hat said, “As organisations look to modernise systems, improve customer engagement and enhance efficiency to thrive in a competitive business environment, they are looking to incorporate open source technologies. Each year we recognise partners in India and South Asia for their innovative use of Red Hat solutions. This year, Mindgate Solutions received recognition for using Red Hat technologies to offer cutting edge payment solutions.”

About Mindgate Solutions Pvt Ltd

Mindgate today is leading the innovation wave of building and managing the new generation Real-Time Payment transactions platforms. Mindgate Solutions Pvt. Ltd. has been at the forefront of the payments revolution from its inception, an outlook that has made it a key global player in payments technology and transaction processing. From building new generation payment gateways to mobile-based collections and payments platforms like RTP & UPI(India), Mindgate Solutions has been the true leader in the space. Its solutions are currently deployed in over 21 countries and process over 2 billion RTP transactions per month.

Over the last decade, the organization has established a strong presence in India, Middle East & SEA market with over 75 plus banks and payment providers for whom we provide digital payments/Collections platforms. Continuously pushing new boundaries, pursuing new ideas and technology breakthroughs are an essential part that defines Mindgate. The company helps its clients redraw the payment landscape through a value proposition of large-scale, social payments, responsive to market demand and reduced cost of ownership. The outcome is a well-defined approach that propels their organization to acquire a significant market share of the digital transaction ecosystem.

12 of the large banks in MENA use Mindgate’s transaction banking platform. The company powers the largest real-time payments system in the world with over 50% market share in transaction volumes. 4 of 5 biggest banks use their RTP(UPI) platform for digital payments. Mindgate’s Digital Payment/Collection (Mobile Collect) platform has the largest market share in terms of throughput and volumes in India and constitutes major market share of Real-Time Payment (Unified Payment Interface) transactions in the country

We enable API based integration to bank accounts to social payments like Google Tez and Whatsapp Payments for P2P and P2M transactions. Mindgate powers the payment and digital platforms of the central government in bringing to fruition its digital strategy from DBT (Direct Beneficiary Transfer) platform, GST (Goods & Service Tax) accounting and reconciliation, Conditional Cash Transfer (CCT) Platform (an IMF sponsored initiative), Real-Time payments like (Unified Payment Interface), digitized bill collection platform (BBPS), electronic toll collection (NETC), Digital mandate payments (e-NACH), Digi Transaction banking suite, Integrated Payment Hub (IPH), Pre-paid Issuance and acquiring platform with digital wallet and QR acceptance.

At their ideation labs, the organisation conceptualizes and co-creates solutions leveraging technologies like BlockChain, Machine Learning (ML), Artificial Intelligence (AI), IoT, etc. application to the digital commerce & payments space. By assimilating innovations with offerings, Mindgate facilitate its clients to drive enhanced value and experience for their customers.

With ACI Worldwide on board with Mindgate as its financial & strategic stakeholder, the company intends to leverage on opportunities with its Real-Time payment platform created jointly using ACI switch and Mindgate’s Digital Overlay Services into newer markets across 80+ countries to bolster our presence in the digital payments domain.

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