RBI to organise its first global hackathon

The Reserve Bank of India (RBI) on Tuesday announced its first global hackathon ‘HARBINGER 2021 – Innovation for Transformation’ with the theme ‘smarter digital payments’.

Registration for the hackathon starts from November 15, the central bank said in a statement.

The Hackathon, it said, invites participants to 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. According to the statement, HARBINGER 2021 invites innovative ideas for several problem statements in the payment and settlement systems landscape, including, context-based retail payments to remove the physical act of payment.