Norwegian payment provider and e-money institution Auka (formerly mCash) has partnered with financial institutions, retailers, wireless carriers and consumers to develop a highly scalable mobile payment service built on Google Cloud Platform.
Case study key facts
|Current goals||Develop a secure, distributed, scalable payments infrastructure that can handle large volumes of mobile payment transactions daily; and upon which it can further develop its portfolio of white-label products for mobile banking|
|Current approach||Auka uses the Google App Engine (a service of Google Cloud Platform) as the back-end infrastructure on which it’s developed a scalable and resilient payments infrastructure, hosted in the cloud|
|Outcome||Auka’s payments platform is 100% hosted on the Google Cloud Platform, and can handle extreme scaling (handling from tens of transactions per second, to thousands per second).|
|Tools and suppliers used||Google Cloud Platform (Google App Engine)|
Auka (formerly known as mCASH) is an Oslo-based fintech company. Auka licenses its payment platform to retail banks, giving them the capability to deliver mobile payment products to their customers, via native iOS and Android apps. Auka was founded in 2010 and launched (as mCASH) in 2013, in the context of the opening up of the EU-wide financial market for intra-account and merchant payments.
Today, Auka sells its technology as a turnkey solution for retail banks that need quick access to mobile payments infrastructure they can brand and use for real-time peer-to-peer payments, point-of-sale and merchant services.
MWD Advisors spoke to Erlend Halvorsen, Auka’s Chief Technology Officer, for this case study.
Auka started its platform development on the Google Cloud Platform; it didn’t have any ‘legacy’ infrastructure to migrate. The company chose cloud-based infrastructure for two reasons: firstly because didn’t want to deal with infrastructure administration issues; and secondly because it wanted a scalable managed service – so that it would itself benefit from the sort of ‘heavy-lifting’ functionality it provides for its own customers.
The company uses Google App Engine for the platform’s back-end infrastructure, together with a few Google Compute Engine servers. On top of this, Auka provides a growing portfolio of licensed mobile payment products; although Auka’s customers are also able to develop their own custom payment applications using Auka’s APIs.