Saturday Live for coders | Payment gateways

TL;DR

Abhishek discusses payment systems, experiences in Amazon and Paytm, and future trends in live tech session.

Transcript

time i got covered and after that we are back onto the live sessions and we are trying to upgrade the live in the quality of course just like always so i have increased the quality with some colors and all that in the live stream as well so that's gonna sound and look good apart from that now from now onwards in every single live i'll try to give y... Read More

Key Insights

• ❓ Payment systems evolving with technology advancements emphasize problem-solving skills and adaptability.
• 🔒 Integrating blockchain in payment systems offers security benefits but requires regulatory compliance.
• ❓ Database choices in payment gateways are crucial for performance, scalability, and ensuring optimal functionality.

Questions & Answers

Q: How are payment gateway networks different from payment aggregators?

Payment gateways facilitate secure transfer of data between users and banks, while aggregators verify card information and transaction routing.

Q: What's the value of the approach in system design during HLD interviews?

The approach showcases problem-solving skills, critical thinking, and adaptability in designing scalable and reliable systems.

Q: How do you discern genuine problem-solving skills in tech interviews from memorizing solutions?

Genuine problem-solving skills involve reasoning, adaptability, and flexibility in solving complex problems, while memorizing solutions lacks depth and understanding.

Q: Would integrating blockchain in payment systems benefit or pose challenges?

Integrating blockchain can enhance security, transparency, and transaction speed, but regulatory compliance and scalability challenges need to be addressed.

Q: What considerations guide the choice of database in developing a payment gateway?

Functional requirements, transaction volume, query complexity, and scalability should determine the choice of database for optimal performance and reliability.

Summary & Key Takeaways

• Abhishek shares insights on payment systems, including experiences at Amazon and Paytm, focusing on payment gateways and aggregators.

• He discusses his work on the payments team, projects, and extensive experience in handling transaction traffic.

• Abhishek emphasizes the importance of problem-solving skills, learning new technologies like GraphQL, and keeping up with tech advancements.