Olive Crypto Systems Modernizes India’s Digital Payment Infrastructure with YugabyteDB
Company Background
Founded in 2005, Olive Crypto Systems is a product-based software development company specializing in NPCI (National Payments Corporation of India) platform-based payment solutions. The company serves prominent banks, financial institutions, and fintech companies across India and internationally.
- Clients: 25+ including major banks like HSBC, DBS Bank, Axis Bank, and Kotak Mahindra Bank
- Recognition: Best Technology Service Provider Award (FY 2024-25) from India’s Ministry of Finance
- Reach: 150+ banks through ASP partnerships
India’s UPI ecosystem processes upwards of 19 billion transactions per month, with volumes growing rapidly. One of Olive Crypto Systems’ marquee customers required systems capable of handling massive transaction spikes during festivals, salary days, and major sale events while maintaining 24/7 availability.
Business Challenges
- Need to handle unpredictable traffic spikes during peak periods
- Growing user base requiring horizontal scalability
- Zero tolerance for downtime in mission-critical payment systems
- Managing three separate PostgreSQL databases, aggregating over 2TB in size
- Complex backup and disaster recovery processes
- Manual failover procedures prone to human error
- Maintaining consistent response times under peak loads
- Supporting real-time payment processing with millisecond latencies
- Ensuring data consistency across distributed operations
Technical Challenges
The YugabyteDB Solution
- Built-in replication across fault domains
- Automatic failovers without human intervention
- Near-zero downtime architecture
- Multi-master deployment option between data centres
- Unified platform replacing fragmented database clusters
- Reduced management overhead and costs
- Streamlined monitoring and operations
- Horizontal scaling capabilities to handle unpredictable transaction spikes
- No application re-architecture required due to PostgreSQL compatibility
Migration Strategy
The YugabyteDB implementation team drafted a sophisticated three-phase migration strategy to ensure zero business disruption.
- YugabyteDB Voyager seamlessly migrated data from PostgreSQL to YugabyteDB
- Handled schema conversion, data validation, and bulk loading without live system disruption
- Ensured data integrity throughout the migration process
- Implemented Kafka-based streaming to capture real-time change events
- Continuously streamed changes to YugabyteDB to maintain synchronization
- Ensured that zero data loss occurred during the cutover window
- Created a Kafka-based fallback mechanism to replicate changes from YugabyteDB back to PostgreSQL
- Provided go-live confidence with quick revert capability if needed
- Enabled the ability to safely rollback without impacting users
Business Results
5-10x Transaction Volume Increase: Successfully handled peak transaction volumes 5-10 times higher than before
Reduced Resource Usage: Achieved better performance while using fewer hardware resources
Consistent Response Times: Maintained stable response times even during traffic spikes
Near-Zero Downtime: Eliminated system downtime through built-in replication
Seamless Cutover: Completed migration with zero data loss and minimal downtime
Simplified Operations: Reduced operational complexity through automation
Cost Reduction: Decreased management overhead and infrastructure costs
Future-Proofed Architecture: Built a scalable foundation for continued growth
Enhanced Customer Experience: Maintained high approval and low technical decline rates even at scale
Improved Reliability: Achieved 0.00% technical decline rate for major client banks
Accelerated Innovation: Freed resources to focus on new features and solutions over maintenance
Market Leadership: Strengthened position as a trusted technology partner for leading Indian financial institutions
YugabyteDB for Financial Services
Olive Crypto Systems’ success demonstrates YugabyteDB’s unique capabilities for financial services organizations, including:
- PostgreSQL Compatibility: Seamless migration without application rewrites
- Horizontal Scalability: Handles unpredictable growth patterns automatically
- Built-in High Availability: Eliminates single points of failure
- Global Distribution: Supports multi-region deployments with strong consistency
- Enterprise Security: Meets stringent financial industry compliance requirements
- Cost Efficiency: Reduces infrastructure and operational costs while improving performance
Olive Crypto Systems’ ecosystem migration to YugabyteDB showcases how modern distributed databases can transform payment infrastructure to meet the demands of India’s rapidly growing digital economy.
By choosing YugabyteDB, Olive Crypto Systems not only solved immediate scalability and reliability challenges but also built a future-ready platform that continues to exceed client expectations.
Discover more about Olive Crypto’s path to YugabyteDB and how it solved scalability and reliability challenges and built a future-ready platform that meets the demands of India’s rapidly growing digital economy in this customer presentation replay.
