Tuesday, October 10, 2017

Mobile Industry players unite to host the Mobile Money Hackathon in Karachi

Key players in the mobile industry in Pakistan are collaborating to host a two-day Mobile Money Hackathon in Karachi on Saturday 7 – Sunday 8 October. Telenor Microfinance Bank and JazzCash, together with the GSMA, will host companies and developers in the financial services industry, including banks, aggregators, payments switches, start-ups, fintech companies and established players, for the weekend challenge of testing and building solutions for harmonised API use cases. The hackathon is taking place at DotZero, Karachi’s community space for technology entrepreneurs and start-ups. Karandaaz Pakistan, a development organization promoting access to finance for small businesses through commercially directed investments and financial inclusion for individuals by employing technology-enabled digital solutions, is additionally sponsoring the event.


This hackathon is part of a series that will take place in Africa, Asia and Latin America over the next two years, with the purpose of increasing awareness, demand, and implementation of the mobile money industry API.

The API specifications have been jointly designed by key industry stakeholders—mobile money providers, platform vendors, third party service providers and industry partners — combining best practices in the technology industry, with the aim of reducing integration time and complexity within the mobile money industry today, and to limit and avoid fragmentation in the mobile money ecosystem. The APIs will be implemented across the mobile money industry with other operators in Asia and beyond. The GSMA Mobile Money API has been implemented on the JazzCash and Telenor Bank platforms for the hackathon.

The Mobile Money Hackathon is the first of its kind to be hosted in South Asia and follows the success of the first two hackathons held in Dar es Salaam, Tanzania. The hackathon is structured to solve two challenges – merchant payments and bill payments. The participating teams will innovate and build solutions for either one of the two challenges, with the first place team winning two expenses-paid tickets to Mobile World Congress, the world’s largest gathering for the mobile industry, in February 2018.

Pakistan has seen rich innovation in mobile financial services in recent years, and with useful APIs across the industry, the foundation is established for further growth and diversity in the industry.

Sharing his thoughts, Shahid Mustafa, President & CEO of Telenor Microfinance Bank, said: “We are happy to collaborate with the GSMA and other financial sector players to bring the new instalment of global Hackathon series to Pakistan. With high level of Telecom penetration coupled with low banking sector use, Pakistan offers a great opportunity to innovators, looking to use fintech to enhance banking/financial services use”.

Aniqa Afzal Sandhu, Chief Digital Officer – Jazz, stated, “JazzCash’s goal from day one has been to bridge the prevalent banking divide in the country. One key part of this is promotion of innovation through working with private partners in the mobile money ecosystem and global bodies like the GSMA. And focusing on harmonized APIs allows us to utilize best solutions from around the globe in designing viable, advanced and secure offerings for customers in a digital age.”




SHARE THIS

Author:

Thanks for visiting our website. Like our FB pages and subscribe for daily updates; you can comment on the above post bellow ↓with your Google id or Facebook id – Thank you for your time..☺

0 comments:

 
‎لطیفے اور شاعری‎
Facebook group · 8,142 members
Join Group
یہ گروپ آپ سب کے لئے ہے۔ پوسٹ کیجئے اور بحث کیجئے۔۔۔۔۔ اپنی آواز دوسروں تک پہنچائے۔۔۔اور ہاں گروپ کو بڑا کرنے کے لئے اپنے دوستوں کو بھی گروپ میں دعو...
 

All Categories

Aaj Kamran Khan ke Saath Aamir Liaquat Hussain Aapas ki Bat NajamSethi Abdul Qadir Hassan AchiBaatain Afghanistan Aga Khan University Hospital AirLineJobs Allama Iqbal America Amjad Islam Amjad Anjum Niaz Ansar Abbasi APP Aqwal Zareen Articles Ayat-e-Qurani Ayaz Amir Balochistan Balochistan Jobs Bank of Khyber Banking Best Quotes Biwi Jokes Blogger Tips Chaltay Chaltay by Shaheen Sehbai China Chitral Coca-Cola Coke Studio Columns CookingVideos Corporate News Corruption Crimes Dr Danish ARY Sawal Yeh Hai Dubai E-Books EBM Education Educational Jobs Emirates English #Quotes English Columns EnglishJokes Funny Photos Funny Talk Shows Funny Videos Gilgit-Baltistan Girls Videos Govt Jobs HabibJalibPoetry Hamid Mir Haroon Al-Rashid Hasb-e-Haal with Sohail Ahmed Hassan Nisar Hassan Nisar Meray Mutabaq Hazrat Ali AS Sayings HBL Health HikayatShaikhSaadi Hospital_Jobs Hotel Jobs Huawei Hum Sab Umeed Say Hain India Information Technology Insurance International News Islam Islamabad Islamic Videos JammuKashmir Javed Chaudhry Jazz Jirga with Salim Safi Jobs Jobs Available Jobs in Karachi Jobs in KPK Jobs in Pak Army Jobs_Sindh JobsInIslamabad Jokes Jubilee Insurance Kal Tak with Javed Chaudhry Karachi Kashmir KhabarNaak On Geo News Khanum Memorial Cancer Hospital Khara Sach With Mubashir Lucman Khyber Pakhtunkhwa Lahore Latest MobilePhones Lenovo LG Life Changing Stories LifeStyle Live With Dr. Shahid Masood Live with Talat Hussain Maulana Tariq Jameel MCB Bank Microsoft Mobilink Mujeed ur Rahman Shami Munir Ahmed Baloch Nasir Kazmi Nazir Naji News News Videos NGO Nokia North Korea Nusrat Javed Off The Record (Kashif Abbasi) Off The Record With Kashif Abbasi On The Front Kamran Shahid OPPO Orya Maqbool Jan Pakistan Pakistan Army Pakistan Super League Pashto Song Photos Poetry Political Videos Press Release Prime Time with Rana Mubashir PTCL Punjab Quetta Quotes Rauf Klasra Samsung Sar-e-Aam By Iqrar-ul-Hasan Sardar Jokes Saudi Arabia ShiroShairi Show Biz Sikander Hameed Lodhi Sindh Social Media Sohail Warriach Songs Sports News Stories Syria Takrar Express News Talat Hussain Talk Shows Technology Telecommunication Telenor To the point with Shahzeb Khanzada Tonight with Moeed Pirzada Turkey Tweets of the day Ufone University Jobs Urdu Ghazals Urdu News Urdu Poetry UrduLateefay Video Songs Videos ViVO Wardat SamaaTV WaridTel Wasi Shah Zong اردو خبریں
______________ ☺ _____________ _______________ ♥ ____________________