- Financial services
Own.Solutions was looking for a software product engineering partner
to help them launch their new fintech startup and build out their new
payments platform. Dubbed “Aplauz”, this new platform would be one of
the main verticals in the Own.Solutions ecosystem and enable
conversion of disposable cash into digital currency. The digital
currency would then be used for digital products or converted back
into disposable cash.
Although the Own.Solutions product team and management team are based
in Europe, all software development prior to initial release was
conducted here in Sydney, Australia
Aplauz is a prepaid payment method with a 16-digit number that
represents a specific currency denomination as its centrepiece
available at the local newsagency or convenience store. It can then be
spent at a participating online merchant.
Exogee was engaged to design and build the solution from the ground up
that supports a multitude of currencies and jurisdictions with a
financial and operational management web application, a hosted
payments page for consumers and REST API integrations for consumers,
distributors and merchants.
The solution leverages infrastructure as code in a CICD pipeline to
automate testing and deployments with minimal overhead. This has been
key to reducing human error in deployment as well as onboarding
up-skilling time for new team members.
All this built on top of an open-source stack making heavy use of
modern infrastructure components from AWS. This architecture provides
a sophisticated approach to scaling both horizontally and vertically
providing the platform with the ability to process thousands of
transactions per second.
With a presence in Germany, France, Spain, Switzerland, Austria and
Scandinavia, Own.Solutions has the ability to engage with 30 million
consumers on a weekly basis. Aplauz has enabled Own.Solutions to
bridge the gap between these consumers in the physical world and major
players in a digital economy by connecting 20,000+ convenience-store
locations throughout Europe with a multitude of eService providers.
The business value is not placed on the product or the service, but on
the interaction between the parties.