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A Software Architecture Design Based on Microservices for an E-wallet in Ecuador

Published: 06 May 2024 Publication History

Abstract

The use of payment apps, also known as mobile wallets, has increased worldwide in recent years, especially after the COVID-19 pandemic. However, in Latin America, implementing this technology still faces challenges associated with the regulation of FinTech, the accessibility of services, and the security of information. In the case of Ecuador, there are some mobile wallet proposals, but they still have restrictions on carrying out different types of financial transactions. A software architecture design for a mobile wallet that promotes inclusion and equality in access to financial services is proposed to address these challenges. The design uses microservices architecture and cloud computing design patterns to give it greater robustness, adaptability, and capacity, offering a better user experience and driving the development of new features. This paper also examines the current legal and regulatory framework for electronic payment systems in Ecuador, and these legal aspects were considered in the design. The technical requirements for building this software architecture, including its interactions and functionalities, are also discussed.

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    ICCMB '24: Proceedings of the 2024 7th International Conference on Computers in Management and Business
    January 2024
    235 pages
    ISBN:9798400716652
    DOI:10.1145/3647782
    Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than the author(s) must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected].

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    Published: 06 May 2024

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    Author Tags

    1. AWS
    2. Cloud Computing
    3. E-Payments
    4. Financial Regulation
    5. Mobile Payments

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