CBDC
Central Bank Digital Currency or CBDC platforms are essential for building modern financial systems.
They enable central banks to issue digital currencies that support quick, cost-effective transactions, making financial services more accessible and providing a seamless digital payment infrastructure.
The world is on the brink of a significant transformation in the financial landscape. CBDCs present an opportunity for central banks to modernize financial systems, enhance cross-border payments, and ensure the widespread benefits of digitalization, ultimately promoting economic growth and financial inclusion.
Globally, 134 countries are exploring CBDCs. The goal of Central Bank Digital Currency is to create a secure, efficient, and inclusive digital payment system that bolsters financial stability and drives economic growth. CBDCs are designed to offer a public digital alternative to private digital currencies, allowing central banks to maintain control over monetary policy and financial stability.
Mindgate Solutions offers a state-of-the-art CBDC solution characterized by cutting-edge technology and rapid deployment capabilities
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Key Highlights
Mindgate offers a full stack CBDC-R solution for banks including CBDC mobile App.
CBDC RTPS solution stack has the following solution components:
- Digital Vault
- Issuer Switch
- T-PSP with IOS and Android SDK
- Backoffice portal
- e₹ User Wallet App
Key Capabilities
- Future-ready Tech Stack that supports high-scalability
- Fully supporting on-premise implementation
- CBDC~UPI interoperability ready
- Support for Open-Source Technology stack
- Microservice Architecture compatible on any container platform (On-prem or Cloud)
- Use of in-memory database, No SQL database and Kafka connectors for faster transaction response time, low latency and use of sharding
- Comprehensive back-office admin portal for onboarding, configuration, reconciliation, MIS
