Hackers are getting ready to compete in the second MTN MoMo Hackathon as they develop innovative Fintech applications using the MTN Mobile Money (MoMo) API. Last Friday, MTN Uganda alongside Outbox unveiled the top 12 who are shortlisted to continue with their ideas/projects. These will stand a chance of winning a share of US$10,000 in prize money.
MTN says the baseline rule is that competitors must create solutions that leverage mobile money to accelerate financial inclusion and digitize payments in a bid to drive MTN MoMo as a universal payment method.
Developers must ensure that proposed solutions target consumers, merchants, or businesses and are user-friendly and relevant to use cases beyond payments.
Developers will then have about two weeks to develop their ideas with demos/prototypes of their applications. The deadline is 19th September.
MTN MoMo is looking for companies, entrepreneurs, and developers across the continent to innovate and leverage mobile money to accelerate financial inclusion and digitize payments.Mark Kivumbi, Manager Products & APIs at MTN Uganda
From hundreds of applications that came through, MTN Uganda in conjunction with Outbox shortlisted the following ideas/applications with their respective leaders.
The MTNMoMo API Hackathon 2022 is enabling developers not only in Uganda but also developers based in Ivory Coast, Cameroon, Rwanda, eSwatini, Congo Brazzaville, Guinea Conakry, Zambia, and Benin to offer financial and transactional applications innovations using the MTN MoMo API platform.
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Success in the Challenge depends to a substantial degree on the exercise of skill, knowledge, or judgment of the Participants in accordance with the hackathon terms and conditions.
MoMo Hackathon judges will be looking at how scalable the business opportunity is. What is the return on investment on the idea? Does the idea supplement the applicant’s strategy but also fit within MTN’s strategic direction?Richard Zulu
To determine the winners of the Challenge, a number of criteria, including, without limitation, the following will be implemented:
- Design: Is the Entry polished, visually appealing, and easy to use?
- Effective use of the MTN MoMo APIs: Usage of MoMo API endpoints
- Utility and impact: How much impact will the entry create?
- Originality: Is the Entry unique and/or innovative?
- Business opportunity: Potential & Scalability of the entry.
- Implementation: Comprehensiveness of the Entry in terms of functionality and working gave the idea/concept.
The judging criteria will speak to code quality, the technology used and architecture, design, effective use of #MTNMoMo APIs, originality, and business opportunity.Richard Zulu, Outbox Founding partner
The Hackathon had two phases, the first one was the ideation phase and now we are in the build phase. The top 12 will also be supported and prepared by outbox for the final selection of only three winners.
The first prize is USD 5,000, the second prize is USD 3,000, third prize is USD 2,000. The decision of the Organisers of a winning entry is final and no correspondence or discussion will be entered into.
MTN wants to unlock economic growth through financial and digital solutions for consumers and businesses of all sizes using this hackathon.
I was also personally privileged to be shortlisted among the top twelve and I will be representing MpaMpe, a crowdfunding application that we are building tailored for Ugandans only.