MytelPay Project – Top 3 E-Wallet in Myanmar
Challenge
When Mytel set out to develop MytelPay as the leading e-wallet application in Myanmar, Evotek faced several demanding technical requirements:
- Ensuring high performance: The application needed to achieve 99.99% uptime to deliver a seamless experience for millions of users.
- Advanced security: Protecting user data and ensuring the absolute safety of payment transactions were critical.
- Scalability under heavy loads: The system had to support 10 million accounts and handle 10,000 transactions per hour reliably.
- Efficient data management: Implementing backup and recovery mechanisms to manage large data volumes and minimize the risk of loss.
- Comprehensive integrations: The application required flexible connections with multiple payment methods, banks, and local financial institutions to meet diverse market needs.
When Mytel set out to develop MytelPay as the leading e-wallet application in Myanmar, Evotek faced several demanding technical requirements:
- Ensuring high performance: The application needed to achieve 99.99% uptime to deliver a seamless experience for millions of users.
- Advanced security: Protecting user data and ensuring the absolute safety of payment transactions were critical.
- Scalability under heavy loads: The system had to support 10 million accounts and handle 10,000 transactions per hour reliably.
- Efficient data management: Implementing backup and recovery mechanisms to manage large data volumes and minimize the risk of loss.
- Comprehensive integrations: The application required flexible connections with multiple payment methods, banks, and local financial institutions to meet diverse market needs.
Solution
To tackle these challenges, Evotek implemented cutting-edge technological solutions:
- Scalable and robust infrastructure:
Using load balancing and auto-scaling technologies, the system dynamically allocated resources to handle peak usage.
Ensured smooth operations for 10 million accounts and 10,000 transactions per hour without interruptions.
- Secure data and transactions:
Complied with PCI-DSS standards, employing encryption, authentication, and advanced data protection to secure user information and transactions.
- Smart data management:
Built a backup and recovery system to ensure rapid restoration and prevent data loss during unexpected events.
- Seamless integration:
Connected to over 10 banks and local financial services using standardized APIs.
Integrated with various payment methods, providing flexibility and convenience for users.
- Comprehensive contingency planning:
Developed detailed disaster recovery strategies to ensure uninterrupted system availability.
To tackle these challenges, Evotek implemented cutting-edge technological solutions:
- Scalable and robust infrastructure:
Using load balancing and auto-scaling technologies, the system dynamically allocated resources to handle peak usage.
Ensured smooth operations for 10 million accounts and 10,000 transactions per hour without interruptions.
- Secure data and transactions:
Complied with PCI-DSS standards, employing encryption, authentication, and advanced data protection to secure user information and transactions.
- Smart data management:
Built a backup and recovery system to ensure rapid restoration and prevent data loss during unexpected events.
- Seamless integration:
Connected to over 10 banks and local financial services using standardized APIs.
Integrated with various payment methods, providing flexibility and convenience for users.
- Comprehensive contingency planning:
Developed detailed disaster recovery strategies to ensure uninterrupted system availability.
Results
Evotek’s innovative and tailored solutions enabled MytelPay to achieve remarkable results:
- 5M+ registered users, with over 1M+ monthly active users.
- 3M+ monthly active users, showcasing strong user engagement.
- Seamlessly integrated with 10+ banks, expanding financial connectivity nationwide.
- Captured 15% of Myanmar’s e-wallet market share, shaping the future of digital payments in the region.
- Achieved 30M+ monthly transactions in 2023, demonstrating exceptional operational performance.
Evotek’s innovative and tailored solutions enabled MytelPay to achieve remarkable results:
- 5M+ registered users, with over 1M+ monthly active users.
- 3M+ monthly active users, showcasing strong user engagement.
- Seamlessly integrated with 10+ banks, expanding financial connectivity nationwide.
- Captured 15% of Myanmar’s e-wallet market share, shaping the future of digital payments in the region.
- Achieved 30M+ monthly transactions in 2023, demonstrating exceptional operational performance.