Winners of NPCI Unified Payment Interface (UPI) Hackathon

          The winners of Unified Payment Interface (UPI) Hackathonwere announced on April11th, 2016 at the launch function of UPI in Mumbai.

          The launch function was graced by Dr. Raghuram Rajan, Governor, Reserve Bank of India (RBI) along with Mr. Nandan Nilekani, Advisor to NPCI, Mr. Balachandran M., Chairman, Mr. A P Hota, MD & CEO and Mr. Dilip Asbe, COO, NPCI in Mumbai.

          The top five winners of the UPI Hackathon are Vsoft Nerds, CPay, Fundu, Ultra Cash, Enablers.

The UPI Hackathon platform provided for start-up/developer community to accelerate innovation in payments arena in association with Indian Software Product Industry Round Table (iSPIRT).

         

Brief details about Vsoft Nerds:

VSoft Nerds created the Jeb app which allows you to send and receive money. "This app is available in regional languages and enables quick response (QR) code payment. We are currently in talks with banks to offer this product," said Murthy Veeraghanta, chairman and chief executive officer, VSoft Technologies Pvt. Ltd.

Brief details about CPay:

2 member team of Winster Jose and Venkataswamy

Brief details about Enablers:

4 member team of Amritpal Singh, Varundeep Kaur, Ankur Sharma and Govind Paul

Project Synopsis

A Unipay enabler digitizing the payments with respect to Government Initiatives of Smart cities, Bharat Nirmaan, EBT transactions for all kind of institutions likes of Government Departments, Municipalities, NGO’s , MFI’s , Micro insurance providers, NBFC’s, BOA’s , Schools, Cooperative / Agriculture / Housing Societies etc by providing accountability and transparency for all payment transactions including C2C, G2C and C2G payments allowing disbursements, collections , transfers and utility payments leveraging UPI’s key concepts of Virtual payment address for ‘Pay’ and ‘Collect’ requests bringing inter-operability among all PSP’s.

      

Brief details about Fundu:

4 member’s team backed by Eko India Financial Services Private Limited.

Team Members are Gautam Chowdhary,Vivek Kumar, GAURAV MALIK, Nirmal Maheshwari

Brief details about Ultra Cash:

4 member’s team @ Raja Mohata,Vivek Srivastava, Anshuman Purushottam, Manas Kumar Mallik

Reference Documents

01) NPCI organises Unified Payment Interface (UPI) Hackathon

02) NPCI presents Unified Payments Interface (UPI) system