Bill Gates, Microsoft's co-founder Bill Gates. He is ready to give you 35 lakh rupees, but you will not get this money for free, instead, you will have to do a work of Bill Gates. Although India is the world's largest market for smartphones, but still millions of people are using feature phones in India. According to a report, about 500 million people in India are using feature phones.
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Smartphone users are increasingly making digital payments under their phones, but this feature is not available for feature phones. You have to prepare a payment system for the feature phone. According to the National Payment Corporation of India (NPCI), dialing * 99 # through a feature phone means very few transactions, which are less than 5 lakh, because it is not easy to make digital payments from a feature phone. NPCI has partnered with CIIE.CO, Bill Gates, and Melinda Gates Foundation.
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For this, a competition has been organized called 'Grand Challenge Payments Using Feature Phones'. The competition is to create a digital payment system for feature phones. The creator of this system will get a reward of up to Rs 35 lakh. The last date to apply for this competition is 12 January 2020. The winner can be announced on 14 March 2020. The contestants selected in this competition will have access to NPCI APIs from 11 February 2020. NPCI experts will also help the participant.