If you want to earn 40 lakh rupees then you have a great opportunity. Reserve Bank of India (RBI) is giving this opportunity to you. Announcing this hackathon on Tuesday, RBI said that the theme of this hackathon is to make digital payments more agile and efficient.
New Delhi. If you want to earn 40 lakh rupees then you have a great opportunity. Reserve Bank of India (RBI) is giving you this opportunity. Actually, RBI is going to organize its first global hackathon (1st global hackathon) with the aim of making digital payment more secure and convenient for consumers.
Announcing this hackathon on Tuesday, RBI said that the theme of this hackathon is to make digital payments more agile and efficient.
Know what RBI said?
According to RBI, the registration for this hackathon named ‘HARBINGER 2021’ will start from November 15. The Reserve Bank of India (RBI) on Tuesday announced its first global hackathon ‘HARBINGER 2021 – Innovation for Transformation’ with the theme ‘Smarter Digital Payments’.
RBI said that the participants of the hackathon will have to identify the issues related to making digital payments more secure, along with making digital payments accessible to the underprivileged, simplifying and improving the payment experience. Solutions have to be offered.
They will get a reward of Rs 40 lakh,
RBI said in a statement, by being a part of Harbinger 2021, the participants will get an opportunity to seek the guidance of industry experts and showcase their innovative solutions. A jury will select the winners in each category. The first place winner will be given Rs 40 lakh, while the second place participant will get a reward of Rs 20 lakh.
Increased cash demand
tell that Covid have risen because of the uncertainties caused by -19 epidemic cash demand worldwide. Official figures point to a boom in digital payments through various modes including plastic cards, net banking and Unified Payments Interface (UPI). The UPI system of the National Payments Corporation of India (NPCI) is fast emerging as a major mode of payment in the country. UPI was launched in 2016 and through this the transactions are increasing month by month.
