Surely if mindgate has something better than that would be a great selling point for them.
These upgrades like from evok → evok 2.0 → evok 3.0 are expensive and require lot of effort on both ends. New integrations with banks also the same. Seeing the effort required its just becomes much more scrutinezed decision by the banks.
Now for all upi based systems going forward 2 challenges are there first good service in low bandwidth conditions and second handle the surge in traffic which is expected to grow a lot over upcoming decade.
Maybe right now shadow ledger is useless but if I were to choose a partner shadow ledger would seem really enticing to me. Of course if partners like if Mindgate offer similar solution then its a different story.
Evaluation paramters in decreasing importance according to me would be.
1 : Current basic requirements(All partners support them right now i guess) example Zero downtime, fault tollerence, backward compatibility and so on.
2: Future scalabilty → If I have shadow ledger and similar feature I can rest easy. Any vendor which cannot promise future scalability is easily out of race.
3: Good to haves
Again reiterating I do not have list of similar solutions to handle scale from different competitors. I have worked in fintech as a developer it’s a pain to even manage single transactions. Making these async or batched is nightmare and the ability to pull it off successfully in a highly regulated env is a feat in my view. That is why I am sceptical regarding availibility of such features with other players. This kind of feature on scale 7-8% of national upi traffic takes future insight and planning you cannot write some code or microservice to suddenly support it.
I view it as a great value add and would help them win lot of new banks and maybe help with better pricing power. But these are just my views here can be wrong.
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