Question : PhonePe and NITI Aayog recently(February 2022) partnered up to launch what thing ?
a. Fintech open hackathon
b. A new payment gateway
c. A fintech knowledge portal
d. None of the above
Ans. a.
Related facts —
- NITI Aayog in association with PhonePe recently(February 2022) launched the Fintech Open Hackathon.
- Participants of hackathon —
- Participating teams can have one 1 (solo) to 5 participants. Participants can use data sources like PhonePe Pulse, the Open Government Data Platform and RBI reports on payments to build on their submission.
- In addition, they can access any other open data platforms that they are aware of along with the Setu AA Sandbox or the Setu Payments Sandbox to develop their hacks.
- By the end of the event, participants will be required to present a working prototype of their hack to the judges, post which each hack will be judged based on certain parameters.
- While the judges consider the hacks, they might ask for additional information on the prototypes.
- The winners of the Hackathon will be announced on 28th February, 2022.
- Objective —
- The Hackathon aimed at showcasing path-breaking fintech concepts.
- It will give innovators, digital producers, and developers from throughout India the chance to think, ideate, and code.
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