A few months ago Realme launched India’s full-stack financial services platform Realme PaySa App (Realme Payसा App) for your Realme smartphone. And today Realme PaySa partners with NPCI and HDFC Bank, here we are sharing the full detail about the RealmePaySa App.
Realme PaySa partners with NPCI and HDFC Bank
Realme PaySa, the financial services app for smartphone brand Realme, has joined hand with National Payments Corporation of India (NPCI), an innovative solutions provider for retail payment systems, and the country’s largest private lender HDFC Bank to conduct UPI hackathon.
The finale will be held in Mumbai on 11th May 2020 which will be judged by these organizations. The winner and the runner-up of the hackathon will have their innovative solutions implemented for realme Payसा and win INR 10 lakh and 5 lakh respectively.
Commenting on the hackathon, Mr. Arif Khan, CDO at NPCI, added, “At NPCI we have always worked towards expanding the ecosystem and reaching out to all segments. Along with realme Payसा & HDFC Bank, we invite India’s most creative technocrats, start-ups, students to create new experiences and solve different set of use cases on UPI solutions.”
RealMe PaySa is currently looking to answer the question: “How to get the next 500 million users to start using UPI?” The financial service company will be offering mentoring and doubt-clearing webinars and also physical sessions in select cities for a period of a month for all the participants. Top selected finalists will also be entitled to a dedicated tech resource to help them hone their skills and come up with a polished and innovative solution.
Phase one of the hackathon is registration. Idea submissions commence on 10th Feb, going up to 10th Mar. The shortlisted winners will be announced by 15th Mar. Phase two will commence from 15th Mar to 5th April, following which, the hackathon will have its top 5 finalists announced on 9th April. The last phase involving prototype development will be held between 9th April and 11th May.
“We are studying UPI and as a part of the internal assessment, we want to understand what the need of our customers in UPI payments is. With this UPI hackathon, we invite India’s brilliant and talented developers to leap beyond the ordinary and innovate to make UPI a solution everyone in Bharat would use,” said Madhav Sheth, CEO, Realme India.
For The Latest Activities And News Follow Our Social Media Handles: