KITE has announced the launch of Visa’s open innovation program Visa’s Everywhere Initiative in Sub Sahara Africa. The program awards up to US$50,000 (a US$25,000 prize and potentially up to US$25,000 in pilot funding), along with the potential opportunity to work with Visa, to companies that can help solve any of its three challenges on creating a cashless world.
The fillowing are the challenges that Visa requires the startups to help solve:
- Challenge 1: Merchant Payment – How can your startup leverage Visa Developer APIs to either: Enable smaller merchants to accept payments in-store digitally OR Provide a safe and secure solution for online merchants to drive eCommerce and reduce cash on delivery?
- Challenge 2: Social Business Payments- How can your company use Visa’s APIs to leverage mass reach partner platforms like Facebook to help businesses operating in fast-paced consumer-centric environments improve cash flow and receive payments?
- Challenge 3: Financial Inclusion – How can startups augment their products with voice, messaging and artificial intelligence solutions to drive more powerful financial management or commerce experiences?
Get more info about the challenge here Visa’s Everywhere Initiative . Startups can apply here. by May 18 at 1pm EAT
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