Central Infrastructure

The payments space is going through modernization the world over. Most countries are adopting digital payments, to drive efficiency, speed, reduce operating costs and reduce friction in payments.

Digital Payments across the globe has seen a significant surge due to large scale adoption, transition from card based payments to Account-based payments using real-time/ alternate payment rails and the demand from consumers & merchant ecosystems for greater convenience, transparency, and security.

Mindgate is working with multiple national payments companies and central banks to setup a state-of-the-art Central Infrastructure framework for launching Real-Time Payments.

Mindgate Solutions with its extensive knowledge and experience in Real-Time Payments is well-positioned to work with national payment companies and central banks to rollout central payments infrastructure as a turnkey project.

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Key Highlights of the Solution

  • Central Registry & Enrolment.
  • Payment service platform with Request to Pay, QR codes, P2P and social media payments.
  • Messaging standard compatible with ISO 20022 Standards and other established specifications.
  • Rest API based message interface along with SDK for IOS and Android devices
  • Bill Presentment & Payment Service
  • Mandate management
  • Biller On-boarding with Risk Management
  • Dispute Management with Good Faith collection & Arbitration.
  • Clearing, Settlement& reports for participants and operator.
  • Generate Net clearing Position (NCP) file posting
  • Cloud ready – Micro services enabled architecture.
  • Consultancy & Operations Management – Optional

Digital Overlay Services – CI