- Published on March 5, 2024
- In AI Features
Meet the Real-time NoSQL Database Leading India’s Explosive UPI Growth
Recognising the increasing complexity of identity resolution, Aerospike expanded its offerings to include the document model (JSON) and an SQL interface and eventually entered the graph database space.
Image by Nikhil Kumar
- By Shritama Saha
According to the National Payments Corporation of India, UPI recorded a staggering 12.02 billion transactions in December 2023 – its highest to date. The country has become an undisputed global leader riding on the sheer volume of daily and monthly payments made as UPI transactions grew 147% catapulting from INR 92 crore in 2017 to INR 8,375 crore in 2023.
One of the major players contributing to this growth is the real-time NoSQL database company Aerospike.
“We've found that Aerospike can effectively handle the scale associated with such high transaction volumes. It’s exciting not just because we're addressing a technical challenge we're designed for, but also because we're actively participating in the rapid growth observed in India’s payment space," Srini V Sri
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Shritama Saha
Shritama (she/her) is a technology journalist at AIM who is passionate to explore generative AI with a special focus on big techs, database, healthcare, DE&I, hiring in tech and more.
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