RBI to hold its first-ever hackathon, HARBINGER 2021, on payments system

What is the News?

Reserve Bank of India(RBI) will be organising its first global hackathon titled “HARBINGER 2021–Innovation for Transformation”.

What is the purpose of the HARBINGER 2021 Hackathon?

HARBINGER 2021 aims to invite participants that can identify and develop solutions which can make:

• digital payments accessible to the under-served
• enhance the ease of payments and user experience 
• strengthen the security of digital payments and 
• promote customer protection.

Theme: “Smarter Digital Payments”.

Significance: The participants in the hackathon will get the opportunity to be mentored by industry experts, exhibit their innovative solutions before an eminent jury and win prizes in each category.

Source: This post is based on the following article “RBI to hold its first-ever hackathon, HARBINGER 2021, on payments system” published in Business Standard on 9th November 2021.