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?