Philippines third-party payment innovation: GCash joins hands with BiPay, empowered by OceanBase, sa

in ink>0ink> Philippines, the third-party payment industry is undergoing an unprecedented revolution. As the "Alipay" of the Philippines, GCash has quickly won the favor of users with its convenient services since its establishment in 2017. today, the number of registered GCash users has reached 66 million, equivalent to one out of every two people in the Philippines who is a GCash user. Recently, GCash has made major breakthroughs in database upgrades. Working with Bipay and OceanBase, it has achieved significant savings in resource costs and significant improvements in business efficiency.

As early as 2020, GCash was in a stage of rapid business growth, and the original single database architecture could no longer meet the growing business needs. The average daily transaction volume has exceeded one million, the data volume is increasing by 10% every month, and the storage cost remains high. In order to seek better scalability and cost performance, GCash chose OceanBase, the database product of Ant Group.

In September 2021, the system with the largest data volume in GCash completed the upgrade. By the end of 2022, all systems will be equipped with the OceanBase cloud database OB Cloud. This upgrade enables GCash to achieve a comprehensive upgrade of the distributed architecture, saving 70% of data storage space, 40% of database resource costs, 80% of data nodes, and greatly improved operation and maintenance efficiency.

As a leader in the third-party payment industry in the Philippines, Bipay has been committed to providing users with efficient and convenient payment solutions. This time GCash joined hands with Bipay and OceanBase to not only improve its business processing capabilities, but also set a new benchmark for the third-party payment industry in the Philippines.

The upgraded GCash adopts a three-availability zone high-availability architecture. Businesses will not be interrupted when any single computer room fails. RPO=0, RTO <30 seconds, and has financial-level disaster recovery capabilities in multiple availability zones. At the same time, OB Cloud cloud database can be built on the world's mainstream public cloud infrastructure, such as AWS, Alibaba Cloud, Tencent Cloud, etc., and has key advantages such as cost reduction and efficiency improvement, multi-level elasticity, and hybrid cloud.

This series of upgrades and innovations not only improves GCash's business processing capabilities and user experience, but also brings new development opportunities to the third-party payment industry in the Philippines. Bipay will continue to work together with GCash and OceanBase to jointly promote the vigorous development of the third-party payment industry in the Philippines.

For users in the Philippines, this means that they will be able to enjoy more convenient and efficient payment services. Whether it is to recharge phone bills, purchase data, pay off credit cards, or pay various life bills, GCash will become an indispensable payment tool in their lives. Bipay will continue to leverage its advantages to provide users with more diversified payment solutions.

In short, the innovation of the third-party payment industry in the Philippines is in full swing. GCash joins hands with Bipay and OceanBase to upgrade and innovate, which not only enhances its own competitiveness, but also brings new development opportunities to the entire industry. We have reason to believe that in the days to come, the third-party payment industry in the Philippines will usher in a better tomorrow.