Gates Foundation CII Coe offers funding

Gates Foundation offers funding opportunity for feature phone based digital payment solutions

The CIIE.CO entrepreneurship center in India, the National Payments Corporation of India, and the Bill & Melinda Gates Foundation have launched a request for proposals – for innovators around the world – seeking new digital payment solutions that make transactions easy and secure for feature phone users in India.

The program aims at identifying promising payment solutions for feature phone users, ensuring:

  • Simplified user onboarding
  • Enhanced transaction experience
  • Highest security standards
  • Automated dispute resolution

SOLUTIONS EXPECTED

  • Real-time issue resolution mechanisms
  • Improved payment interfaces and workflows
  • Integrated bill payment features
  • Enhanced P2P and merchant payment solutions
  • Enhanced security with end-to-end encryption
  • Any other solution relevant for feature phone users

PRIZES

The rewards include monetary and non-monetary support to the top innovations emerging from this Grand Challenge.

Opportunity to pilot the solution with NPCI

First Prize: USD 50,000

Second Prize: USD 30,000

Third Prize: USD 20,000

Acceleration support from CIIE.CO’s Bharat Inclusion Initiative

Call for application is open from 21st Nov. 2019

Application deadline closes on January 12th, 2020.

(Pic courtesy: CIIE.CO)

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