RBI is giving a chance to win 40 lakh rupees, you will have to register here by November 15
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Reserve Bank of India: Reserve Bank of India is now giving you a chance to win 40 lakh rupees. To make digital payments of consumers even more secure, RBI is organizing a global hackathon for the first time, in which you will get a chance to win this money. For this you can register from 15th November.
RBI announced
Announcing this hackathon on Tuesday, RBI said that the theme of this hackathon is to make digital payments more agile and efficient, so that it can be further improved.
What will you have to do?
RBI said that the contestants participating in this competition will get a chance to seek the guidance of industry experts and showcase their innovative solutions. There will be a jury of judges who will select the winners of each category.
40 lakh reward
The first place winner in this competition will be given a reward of Rs 40 lakh. At the same time, the contestants who come second will get a reward of Rs 20 lakh.
How the winners will be selected-
- Find out new and easier ways to convert cash transactions to digital mode
- Focus on improving contactless retail payments
- Exploring other methods of authentication mechanism in digital payments
- Creating a Social Media Analysis Monitoring Tool to Detect Digital Payment Fraud and Fraud
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