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- The profitable crew awarded money award of INR 3 lakh and all-expenses paid journey to Global DevSlam, October 2022
BENGALURU, India, Sept. 19, 2022 /PRNewswire/ — Cashfree Payments, a number one fee and API banking options firm, at the moment, introduced the winners of its cross-team Hackathon — Switch On: The Gateway to Innovation! With this occasion the corporate meant to present a chance to its multidisciplinary groups to exhibit their abilities, develop new initiatives in report time and swap on their creativity past on a regular basis work.
The hackathon was targeted on 4 themes: Cashfree Payments merchandise++ (enhancements to the present merchandise), finance, crew productiveness, and safety. Throughout the course of the occasion, the individuals had been assisted by 20 mentors. The individuals had been evaluated on the idea of innovation, crucial considering and problem-solving abilities by 35 judges. The panel of judges and mentors pool consisted of the CXOs and senior management at Cashfree Payments.
Akash Sinha, co-founder & CEO of Cashfree Payments, mentioned, “It gives us immense pleasure as we successfully conclude our very first hackathon – ‘Switch On’ – a quest for innovative minds to develop creative solutions for real-time business and technical challenges. The distinctive format of hackathon has certainly contributed in boosting collaboration across teams and fostering learning and skill development as teams worked on devising enhanced solutions, product ideas, and presentation skills.”
He additional added, “Our aim has always been to foster a culture of innovation and collaboration, and activities like these contribute significantly. Above all, they lead to employee delight and make the workplace more fun. The eventful past few years have presented us with opportunities to create quality products keeping the best interests of our customers in mind. Hence, we have laid a special emphasis on innovation to enhance our operational capabilities and product delivery. We believe that this hackathon has surely given impetus to this mindset.”
The profitable crew, Flawless Super Sonics, obtained a money award of INR 3 lakh together with an all-expenses paid journey to Global DevSlam in Dubai in October this 12 months for his or her profitable proposal. Team SDE – Sleep Deprived Engineers was the first runner-up and obtained INR 2 lakh, and Team Its HR Thing secured the second runner-up place and obtained INR 1 lakh. Furthermore, the agency additionally awarded prizes to the 4th and fifth finalists, as well as to a number of particular prizes.
The hackathon’s guidelines stipulated that the groups will need to have a minimal of two and most of 5 members. The occasion served as a stimulus for crew collaboration because it required that every crew embrace not less than one particular person from outdoors the Engineering and Product area. Cashfree Payments obtained registrations from 55 groups for the hackathon occasion, out of which 52 groups had been shortlisted based mostly on the eligibility standards.
With over 50% market share amongst fee processors, Cashfree Payments at the moment leads the best way in bulk disbursals in India with its product Payouts. Recently, India’s largest lender, SBI invested in Cashfree Payments underscoring the corporate’s function in constructing a sturdy funds ecosystem. Cashfree Payments works carefully with all main banks to construct the core funds and banking infrastructure that powers the corporate’s merchandise and can be built-in with main platforms reminiscent of Shopify, Wix, Paypal, Amazon Pay, Paytm and Google Pay. Apart from India, Cashfree Payments merchandise are utilized in eight different international locations together with the USA, Canada and UAE.
About Cashfree Payments:
Cashfree Payments is a number one fee and API banking options firm. It gives full-stack fee options enabling companies in India to acquire funds and make payouts through all out there strategies with easy integration. Cashfree Payments’ choices embrace a sophisticated and simple manner to combine fee gateways, a cut up fee resolution for marketplaces, checking account verification API and Auto Collect — a digital account resolution to match inbound funds to prospects. Founded by IIIT Hyderabad alumnus Akash Sinha and IIT Kharagpur graduate Reeju Datta, www.cashfree.com is among the many main fee service suppliers in India processing transactions value USD 40 Billion yearly. It has leveraged expertise to lead fee disbursals in India with greater than 50% market share amongst fee processors. Cashfree Payments allows greater than 1,50,000 companies with fee collections, vendor payouts, wage payouts, bulk refunds, expense reimbursements, loyalty and rewards. Apart from India, Cashfree Payments merchandise are utilized in eight different international locations together with the USA, Canada and UAE. Cashfree Payments is backed by Silicon Valley investor Y Combinator, Apis Partners, State Bank of India (SBI) and was incubated by PayPal.
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