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ADB Pay Challenge



ADB PAY CHALLENGE83614


ASIAN DEVELOPMENT BANK

India
Updated On: Feb 18, 2021
Official website
Engineering
Hackathon
Strategy
Presentation
 * Stages & Timeline
   
   
 * Details
   
   
   
   
   
   
 * Dates & Deadlines
   
   
 * Prizes
   
   
 * Reviews
   
   
 * FAQs & Discussions
   
   
   
   
   


STAGES AND TIMELINES

27Jun 19


APPLICATION PHASE

Not on Unstop

Submit a deck of up to 10 slides (front and back cover excluded) including: Idea
and Value Proposition, Core Technology/Architecture, Research & Data (to back up
your idea/hypothesis), Feasibility Study, Team Introduction (experience & skill
sets), along with a: Wireframe of the Solution, Video Demo (Youtube link or an
MP4 not exceeding 50mo).

Start: 27 Jun 19, 03:00 PM MN
End: 09 Aug 19, 02:59 PM MN

8Aug 19


ONLINE VOTING PHASE

Not on Unstop

Jury members will select the top 5 teams to have the opportunity to present
their ideas during the ADB on-site hackathon based on the following criteria:
Business Value, Operational Feasibility & Scalability, User Experience,
Technical Competency.

Start: 08 Aug 19, 03:00 PM MN
End: 13 Aug 19, 02:59 PM MN

30Aug 19


FINAL HACKATHON

Not on Unstop

The 5 finalist teams will be invited to pitch their bold idea and project during
a 2-day Hackathon at the Multifunction Hall, ADB Headquarters, Manila,
Philippines.

Start: 30 Aug 19, 03:00 PM MN
End: 02 Sep 19, 02:59 PM MN



ALL THAT YOU NEED TO KNOW ABOUT ADB PAY CHALLENGE


REDEFINE THE PAYMENT EXPERIENCE FOR ADB STAFF


CAN YOU AND YOUR TEAM BUILD A MODERN CASH PAYMENT SOLUTION FOR ADB EMPLOYEES?

Are you ready to revolutionize the payment interactions of ADB’s staff? This is
your opportunity to work on a digital wallet solution that will alter the way we
make purchases, transfer funds, and earn points within the bank and beyond.

Students and startups all across APAC are invited to propose ideas and present
solutions on how to tackle this challenge.

ADB aspires to provide better user experience to a multicultural workforce in
ADB who deal with the difficulty of carrying cash to transact in the Philippines
or abroad.

ADB employees currently use a closed-loop cashless payment system that allows
them to purchase goods from vendors within the ADB Food Services outlets. To
date, there are less than 200 users, and at a time of active promotions, it
reached beyond 300 users.

Around 5000 staff/contractors/consultants/dependents/visitors mostly use cash
for their daily transactions. There are about 40 food services, laundry, courier
and other merchants in ADB HQ that can use the future innovative payment
solution.

How can you encourage staff, contractors, consultants, dependents, and visitors
to use more digital solutions?

ADB is looking for bold ideas on digital payment systems.

To start off, we have listed below a few requirements that should or could be
met.

THE MUST HAVE!

Your solution should meet at least one or several of the below requirements:

 1. Allow employees to pay for products and services with partner
    merchants using QR codes and any other payment methods, i.e., credit card,
    debit card, virtual/tokenized credit/debit card.
 2. Top-up through a direct link, money transfer with a personal bank account or
    credit card, and/or TouchPay (independent cash loading) station.
 3. Provide the merchant with Point-of-Sales device which accepts various
    payment methods and able to register products/services to be used for sales
    transactions.
 4. Be able to send sales receipt online to minimize the paper use, think green!
 5. Collect merchant discount rate in every use of ADB Pay to assure sustainable
    payment system business model and to eliminate the need for upfront
    establishment cost of this system.


THE (REALLY) NICE TO HAVE! 

Some valued bonus points will be added if the solution also answers one or
several of the following:

 1. Collect reward points in every purchase.
 2. Transfer funds for ADB-related expenses, i.e., ADB’s event participants can
    use ADB pay for their meal/other allowances which can be also be used in the
    nearby malls.
 3. Incorporate the best logical security set-up in the hardware/software
    deployed to minimize IT security risks, i.e., when the system suggests the
    use of employee ID as a payment card.
 4. The solution should provide integration with ADB's accounting system to
    record the transaction in a secured manner.


IMPORTANT DATES & DEADLINES?

 * Registration Deadline 09 Aug 19, 08:29 PM MN
   
 * Mentoring Stage Starts 13 Aug 19, 08:30 PM MN
 * Shortlist Announcement 13 Aug 19, 08:30 PM MN
 * Mentoring Stage Ends 30 Aug 19, 08:29 PM MN
 * Final Hackathon Starts 30 Aug 19, 08:30 PM MN
 * Final Hackathon Ends 02 Sep 19, 08:29 PM MN
   


REWARDS AND PRIZES

Win up to US$ 10,000! Access to networking opportunities! Develop a Proof of
Concept with ADB support.


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*This opportunity has been listed by Asian Development Bank . Unstop is not
liable for any content mentioned in this opportunity or the process followed by
the organizers for this opportunity. However, please raise a complaint if you
want Unstop to look into the matter.
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FEEDBACK & RATING




FREQUENTLY ASKED QUESTIONS/DISCUSSIONS


Free

Registration Closed
Team Size 1 - 5 Members
Impressions 29,044
Registration Deadline 09 Aug 19, 08:29 PM MN

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