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RBI's 1st global hackathon 'HARBINGER 2021' begins today; here's where and how to apply

Mini

The registration and submission of the proposal begin today, November 15, 2021, and will end on December 15, 2021. There are four problem statements in the payment and settlement landscape.

RBI's 1st global hackathon 'HARBINGER 2021' begins today; here's where and how to apply
The Reserve Bank of India (RBI) is organising its first global hackathon 'HARBINGER 2021' with the theme 'Smarter Digital Payments' to further improve India's fledging digital payment systems.
The hackathon aims to identify and enable solutions and/or business models that have the potential to make digital payments accessible to the underprivileged section, enhancing the ease of payments, enriching the experience of the users while strengthening the security of digital payments, and protecting the consumers.
The registration and submission of the proposal will start today, November 15, 2021, and will end on December 15, 2021. There are four problem statements in the payment and settlement landscape.
Winners in each category of problem statements will get Rs 40 lakh as prize money. The runner-up will get Rs 20 lakh in each category.
Who Can Apply?
  • All entities, teams or individuals (18 years and above) who are eligible to
  • enter into a contractual agreement
  • Who possess a Minimum Viable Product (MVP) or a product available on the market or ready to be rolled out in the market
  • And who has an element of innovation or novel application of technology serving the common good.
  • Participants can be from any background and geography, even though knowledge about the Indian payment systems market and consumers is preferred.
    How to Apply?
    • Participant to register here
    • Select the problem statement, and submit the proposal.
    • Please fill in the responses for all the proposal questions.
    • One can apply for more than one problem statement.
    • The application has to be submitted through the official link. The Hackathon win run in two phases — Ideation in the first phase and Solution Development in the second phase.
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