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Reserve Bank of India (RBI) is set to organise its first global hackathon called ‘HARBINGER 2021–Innovation for Transformation’ focusing on digital payments.
What this hackathon is about?
Through this hackathon, RBI seeks ideas on easy-to-use, innovative, non-mobile digital payment solutions to convert small-ticket cash transactions into digital mode to remove physical act of payment. It also seeks to develop alternate authentication mechanism for digital payments. Under the hackathon, RBI will also seek social media analysis monitoring tool to detect digital payment fraud and disruption.
The participants of the hackathon will get an opportunity to be mentored by industry experts and exhibit their innovative solutions. Their solutions will be analysed by eminent jury. They will win prizes in each category. Winner will get Rs 40 lakh while runner-up will get Rs 20 lakh.
By: Brijesh Kumar ProfileResourcesReport error
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