endorsedOngoing

MercaDolar Payments Platform Development

Services Covered:

Custom Software Development

Industry

Financial Services

Duration

91 months

Budget

200K - 999K

Start Date

1 January 2019

Team Size

16-20 Employees

Engagement Model

Offshore

Project Capability Score (PCS)

72/100

Good

Project Capability Score (PCS) estimates how capable Daffodil Software is of successfully delivering a project like this, based on its past experience, track record, and ability to handle similar work. Learn more about PCS

Client

MercaDolar, Inc

United States of America

Project Summary

Daffodil Software developed a second-version payments platform for MercaDolar, delivering custom integrations, responsive design, API documentation, and a mobile app while migrating the database from V1 to V2. The platform launch (Sept. 2019) met expectations after some delays; the product later reached required stability and enabled further feature development. Project management was organized via a dedicated project manager and tools such as Azure DevOps, Skype, Google Meets and Slack.

Key Challenges

Develop a second platform version to support multiple products and a secure remittance service
Implement custom integrations and encrypted information handling
Migrate the database from V1 to V2
Create and deliver a complementary mobile application
Manage stakeholder changes after the CTO left the client team

Project Deliverables

New platform design
MercaDolar electronic wallet
Sell currency feature
Buy currency feature
Transfer money feature (WTB, BTW, BU)
Payment request feature (BU)
Transaction history
Back office (BO)
Mobile application
API documentation
Database migration from V1 to V2
Integration with a third-party financial services provider

Project Solution

Daffodil Software collaborated with the client to design and build a second-version payments platform, implementing features including an electronic wallet, currency buying/selling, transfers, payment requests, transaction history, a back-office and a mobile app. They organized work in epics and user stories using Azure DevOps, integrated the platform with a third-party financial services provider using provided API documentation, and supported database migration from V1 to V2.

Project Outcome

Met expectations at launch in September 2019 despite initial delays
Reached platform stability over time, enabling further improvements and tool development
Organized project management via a dedicated project manager and tools (Azure DevOps, Skype, Google Meets, Slack)
Effective remote collaboration with no language barriers

Platforms

Web
Mobile

Tech Stack

Azure

Client Endorsement

Overall Review Rating

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“Daffodil Software built a reliable and innovative platform. The work is expected to have many users. Although the release date had to be changed, the final product met all expectations. The project manager was very organized and there were no language barriers.”
Vaddely Veruzka Cruz Sojo
Legal Manager & Business Development
Date: 01/09/2020