Bangalore Payments Hackathon brings together developers, coders and entrepreneurs for a coding marathon of creativity and hands-on developer collaboration.
Money is an integral part of our everyday life as it enables commerce. Despite of all the advancements in IT and digitization, more than 96% of transactions in India happen in cash. Cash is so inefficent as a financial instrument and is costly to store and difficult to carry safely. We need to create solutions to improve the penetration of digital money. Around half of our population doesn’t have a bank account. The issue of Financial inclusion is a primary problem to solve. Let’s build for them! There are more than 100 million people in India who live outside their home cities and find it difficult to transfer money to their families in an easy and quick way. Let’s create solutions for them. The Bangalore Payments Hackathon is scheduled on 5th and 6th July 2014.
Make use of this opportunity to “Code for Good”
The event would run through more than 24 hours, with Lunch and Dinner on the first day (5th July), as well as Midnight munchies. Next day there will be breakfast for all. At the end of 24 hours, there will be presentations and judges will decide the finalists.
The Top 3 teams (solutions) will then contest for the winner’s position in Phase 2 of the Hackathon at the same place. This phase will go on from 2 PM to 6 PM on 6th July 2014. Lunch and Refreshments will be served.
The apps can be developed on any web or mobile technology and API, but should be relevant for the payments industry and to the problems described above.
Who can participate:
Bangalore Payments Hackathons are open to all – from students to corporations. We invite the best minds in and around the industry. With real and important problems being solved as part of every event, the industry and the media take notice. Even non-payment tech startups can participate to encourage ground-up innovation in money and commerce.
Prizes to be won:
The winning Team(s) of the Bangalore Payments Hackathon will receive a Fintech Startup Kit consisting of useful tools, market reports and regulatory insights, consultation time with 5 global Fintech experts, consultation time with 3 Fintech entrepreneurs, Marketing and PR package on global payments related websites, plenty of networking and 2 passes for The Money Event in Las Vegas. Apart from this the winning team(s) would get a bag of goodies from sponsors.
What You Need to Bring:
A laptop with your preferred development tools installed.
Great ideas and a hunger to come up with innovative payments related apps.
A token participation fees (couple of hundred bucks) if you are selected to take part in the event.