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

The Reserve Bank of India (RBI) will be organising its first global hackathon on the theme of digital payments, it said in a statement on Tuesday.

“HARBINGER 2021–Innovation for Transformation” with the theme ‘Smarter Digital Payments’ will see participants identify and develop solutions “that have the potential to make digital payments accessible to the under-served, enhance the ease of payments and user experience, while strengthening the security of digital payments and promoting customer protection,” the central bank said in its statement.

The hackathon is now inviting innovative ideas in the payment and settlement system, registration for which can be done till November 15.