INNOVATIONS@NPCI

Fintech Newsletter July 2021 images border bottom

NPCI Innovation Highlights

UPI PayAuth Challenge

Fintech Newsletter July 2021 UPI PayAuth Challenge

The UPI PayAuth Challenge was launched on 9th February, 2021 by NPCI in association with APIX, the world's first cross-border, open-architecture API marketplace and sandbox platform. This hackathon sought to explore the practicability of products and solutions that utilise factors like biometrics and facial recognition to provide a more user-friendly way to authenticate and authorise transactions on the UPI platform.

This hackathon received more than 100 entries and post several rounds of considerations, 19 participants were shortlisted for an internal screening round. 8 participants were selected to present their solutions during the finale conducted on 17th April, 2021. The jury finalised Tech5 as the winner and announced the remaining three shortlisted finalists i.e., Infobip India Pvt. Ltd., Juspay Technologies & Minkasu Inc. as the joint runners-up of the challenge.