ABOUT THE CHALLENGE
The annual mCash Prize for innovation in Fintech is instituted by the Nigeria Interbank Settlement System (NIBSS) to encourage creative approach to advancing payment solutions with the understanding that payment is the main driver of economic activities. This year our adventure is taking us to the financial inclusion market to explore the solutions that will accelerate the on-boarding process for the unbanked population of Africa.
This year our adventure is taking us to the financial inclusion market to explore the solutions that will accelerate the on-boarding process for the unbanked population of Africa.
In 2018, we are committed to launch and administer the mCash Fintech Start-Up Challenge to Build Financial Inclusion, a challenge that will offer cash prizes and recognition to individuals, teams of individuals, corporations, and nonprofit organizations with the best mobile applications (apps) that help Nigerians make smart financial choices and beer access financial services. The goal of the challenge is to motivate and to develop an ecosystem of local innovators, software developers, the public, and students to foster continued innovation and a greater volume of high-quality, next-generation mobile tool s to help underserved consumers control and shape their financial futures.
The start-up must help advance financial inclusion.
The start-up must be technology-based and innovative in concept
The start-up solution should have gained early traction or developed an MVP
If selected as winners, ventures must have a founder or co-founder committed to attend Incubation and Entrepreneurship Development Program in the last quarter of 2018.