'BHIM for Women of Bharat’ Hackathon NPCI India & IIMA Ventures
UPI clocked an impressive 14.436 Bn transaction in July 2024, an increase of 44.87% yoy. Since its launch, over 0.357 Tn transactions have been done over UPI by an estimated 322.58 mn unique users. The success of UPI is a testament to the contributions of various ecosystem members since its launch in 2016. Leading the charge was NPCI’s BHIM - India’s first UPI app that guided most of the early adoption of UPI.
Over 107.34 Mn Android downloads and 7.80 Mn IoS installs have taken place for BHIM app. It now offers a variety of payments and related services, including RuPay credit card payments via UPI. Continuing to transform, BHIM now aims at providing an enhanced interface, newer features and embedded services focused on underserved customers.
Timeline
Last date of application
August 22, 2024
Solution evaluation and feedback
August 10-25, 2024
Announcement of Winners & Award ceremony at GFF 2024
August 30, 2024
Problem Statements
Trust and Comfort
How can BHIM’s interface be made more intuitive for neo-digital women customer personas?
Assisted / Onboarding Journeys
What elements, features etc. can be added to encourage more women to start using UPI?
Enhanced Utility
What products and features can be embedded in the app that can increase the engagement of women with the app? E.g. Assisted buying and selling - can we look at enabling women to sell their products also?
Grievance Redressal
How can BHIM build a fast and effective issue / grievance management mechanism, beyond a call center, for women?
Solutions we seek
- Ideas are great! However, we strongly prefer solutions that are ready to be integrated within the BHIM app. At least a prototype with the key feature(s) built needs to be presented to be eligible for participation. Up to three winners will be selected based on the viability of their idea and fitment to the problem statement(s).
For the winners
- Cash prizes between ₹1 lakh and ₹5 lakh are in store for the winners. But there is more! Promising solutions from the hackathon will get an opportunity to engage formally with NPCI and get their solutions integrated with the BHIM app. Eligible winners will be placed on a fast-tracked path for receiving financial and other support through the programs of IIMA Ventures, such as the Women’s Financial Inclusion Initiative.
Rewards and benefits
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Cash Prize worth ₹5,00,000
1st Prize
-
Cash Prize worth ₹3,00,000
2nd Prize
-
Cash Prize worth ₹1,00,000
3rd Prize
Frequently Asked Questions
No. There are no charges for registration/application.
Any individual/team can participate. A team must include at least one developer.
Yes, you can go ahead and register your idea under a theme that has the maximum coherence to your idea.
No. only the winners will be awarded.
We will conduct a webinar on 9-14th August, 2024. Expert session on Gender focused solutions, Session NPCI/BHIM team on technical queries.
Participants are free to use any programming languages, technologies, or frameworks suitable for their application. The goal is to create innovative solutions using the best tools available.
Developer/participant will own the IP (Intellectual Property) Rights of the product/code. To ensure security of your code, please avoid sharing any source code unless specifically asked by NPCI or IIMA Ventures.
The entire idea need not be fully implemented. However, the submission should be functional so that it can be reviewed by the judges. Wireframe, screenshots etc. can be used to present the entire flow wherever needed.
Please use the ‘Submit your solution’ link in this document to apply. Details of your solution can be shared in any format - doc, docx, ppt, pdf, etc. Include demo video/live wireframe, and other required documentation if possible.
Yes, cash prizes will be awarded to the top three teams, as determined by the jury. The prize structure is as follows:
First Place: ₹5,00,000
Second Place: ₹3,00,000
Third Place: ₹1,00,000
Winning solutions will be strongly considered for integration. However, any such engagement will be subject to NPCI’s procurement related policies.
Please visit www.iimaventures.com for more details on the support available. Navigate to the Programs section for more information about the Women’s Financial Inclusion Initiative and other programs.
Evaluation will be based on relevance and impact for women, integration/build feasibility, innovation and scalability of the submitted solution.
For any queries, please email us at programs@iimaventures.com
